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    Global Asset Management Industry Must Transform to Thrive Amidst Changing Macroeconomics

    Global Assets Under Management Dropped by 10% to 98 trillion in 2022Net Flow Rate Also Fell Below 3% for the First Time Since 2018, Reaching 1.6% of Total AUM at the Beginning of 2022, or $1.7 trillionBoston Consulting Group’s 21st Annual Global Asset Management Report Explores Three Major Themes that Should Top the Leadership Agenda in the Years Ahead: Profitability, Private Markets, and PersonalizationBOSTON—For much of the past two decades, asset managers’ revenue growth has been boosted by central bank policies that have helped drive global markets. But rising interest rates in 2022 caused both stock and bond values to plummet, and the asset management industry also suffered. Global assets under management (AUM) dropped by 10% to $98 trillion, the second-largest single-year decrease since 2005, according to a new report released today by Boston Consulting Group (BCG).