Emerging markets to drive surge in AUM

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.