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.
Global AUM, currently at about US$64 trillion, is expected to grow at an annual compounded rate of nearly 6 per cent between now and 2020. This growth...
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