Emerging markets to drive surge in AUM
New PwC report offers a glimpse of the asset management environment in 2020. GENEVIEVE CUA reports
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ASSETS under management by the global fund management industry are expected to exceed US$101 trillion by 2020, thanks to growth in the emerging markets - specifically, South America, Asia, Africa and the Middle East (SAAAME).
PwC said in a new report that AUM growth in the SAAAME markets is expected to outpace the developed markets.
The report by PwC, Asset Management 2020 - A Brave New World, also envisions full transparency over investment activity and products, rising costs due to regulation, shifts in distribution dynamics and pressure on fees.
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