Asset Management Revenue Falls in 2016 for the First Time Since 2008
For the first time since the 2008 financial crisis, revenue earned by asset management firms globally fell in 2016 along with profits, according to a report by Boston Consulting Group. Although assets under management increased 7 percent to $69 trillion, most of that growth came from rising markets while new money from investors was little changed from recent years.
“China’s assets under management increased 21 percent in 2016 driven by a 17 percent rise in net new inflows.”
One area of growth for managers is China, where the asset management industry is significantly underdeveloped. The country’s assets under management increased 21 percent in 2016 driven by a 17 percent rise in net new inflows.
Related Reports: Bloomberg
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