The phrase "attract assets" is correct and usable in written English.
It can be used in contexts related to finance, investment, or business, where one entity seeks to draw in financial resources or investments.
Example: "Our new marketing strategy aims to attract assets from high-net-worth individuals looking for investment opportunities."
Alternatives: "draw in capital" or "gather resources".
The fees originated in the 1970s when the industry was struggling to attract assets.
SkyBridge Capital, the firm run by Anthony Scaramucci, is trying to attract assets with a different type of vehicle that has a lower minimum.
A significant housing slowdown would curtail mortgage loan demand and eliminate some of the jockeying among banks to attract assets with high C.D. rates.
By taking a piece of Prisma, which has managed to attract assets amid the tumult, K.K.R. is hoping to build out its hedge fund business, part of a broader trend of asset managers' amassing products to offer.
The growth in the money under management, while modest, reflects a broader trend in the industry, which has seen large managers attract assets at a faster pace than smaller firms.
While Merrill's employees were dealing with the firm's second round of layoffs in less than two years, workers at Schwab were cheering their firm's proven ability to attract assets even when the stock market is in turmoil.
One way they are doing this is through "lift-outs", where they buy, say, a hedge fund's back-office technology and staff, move them in-house and use that platform to attract asset-servicing business from other hedge funds.
But three years later, some small and midsize managers are flourishing, attracting assets at a rapid rate.
REUTERS Smallerer Hedge Funds Shut Down | The Financial Times reports: "A rising number of small hedge funds are shutting their doors, with houses run by former investment bank proprietary traders being particularly badly hit by rising costs and difficulty in attracting assets".
Canny buys like the one from the trader in Switzerland are a big reason Pimco is attracting assets to that flagship fund, which had $15 billion at last count.
The Swiss bank, with $1.3 trillion of assets under management (its own and its clients'), is building wealth management and investment banking operations in China, where it leads Western peers in attracting assets.
