Global asset base predicted to pass $100 trillion barrier by 2020
GLOBAL assets under management will grow by six per cent a year to top $100 trillion (£61 trillion) by 2020, a major new study from PwC predicts today.
Assets managed around the world will rise from $63.9 trillion today to $101.7 trillion in just six years, led by growing riches in emerging markets and the expansion of sovereign funds
Passive funds and exchange traded funds (ETFs) – managed by firms like Legal and General Investment Management and BlackRock – will also take a larger market share from actively managed funds, it says.
Actively managed funds, which are the stock in trade of firms like Jupiter and Aberdeen, are predicted to fall from 79 per cent of the market to 66 per cent.
However, PwC goes on to predict that most global managers will offer products like ETFs alongside active funds by 2020 to offset to active fall.