Consultancy
A Global Asset Management 2018: The Digital Metamorphosis is referenced in an exclusive article by Consultancy about the asset management industry. According to the report, global assets under management (AuM) grew12% ($79.2 trillion) in 2017, almost doubling since 2008 when the number was$39.3 trillion. BCG’s Renaud Fages says that asset managers should capitalize on the strong year and “reinvest capital and talent in future growth.” While North America saw annual growth of 13% with total AuM up from $33 trillion to $37.4 trillion, China saw the most significant percentage growth, at 22% to $4.2 trillion. BCG’s Qin Xu predicts that China’s assets under management will triple by 2025, making it the second-largest market after the US.
