Asset managers must evolve and adapt to tap Asean growth
Changing demographics, robo-advisers some of the challenges they must tackle: Deloitte report
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Singapore
THE asset management market in South-east Asia is expected to grow to as much as US$4 trillion in assets under management (AUM) by 2025, but questions remain as to whether asset managers here are staying relevant to demands from changing demographic trends as well as the onslaught of robo-advisers, a Deloitte report suggested.
For one thing, the silver tsunami in Asia is creating pressure on pension funds - a clear institutional source of assets for asset managers.
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