With global assets under management forecast almost to double in the next eight years, writes Charles Owen, opportunities exist for firms - especially in alternative assets - so long as they use the appropriate technology
The asset and wealth management industry is predicted almost to double in size by 2025, according to a recent report by PwC, with global assets under management increasing from $84.9 trillion (£63.2 trillion) in 2016 to $111.2 trillion by 2020 and going on to reach $145.4 trillion by 2025. PwC also predicts a big change in how these assets will be invested, with the share of passively managed assets and alternative assets set to grow significantly at the expense of actively managed funds. These trends, according to PwC, are driven by investors' demand for more transparency in how their m...
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