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Global asset management dwarfs banks in returns

Assets hit new high with market share at pre-crisis level
Thursday, June 26, 2014 - 06:00

GLOBAL asset managers have seen a strong surge in assets and put up a firmer performance than that of banks on a shareholder return basis, a McKinsey report showed. In terms of return on equity (ROE), the asset management industry remains highly attractive with an average of 19 per cent as at

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