The Trader 

Market Outlook: Asset management booming

The Trader

Two reports out yesterday claim that total global assets under management at the end of 2016 stood at over $80 trillion.  Willis Tower Watson states the numbers increased by 5.8 per cent to $81.2 trillion.  PwC comes up with a total of $84.9 trillion which includes ETFs and forecasts these to grow to $145.4 trillion in 2025.  By far the biggest firm is US’s Blackrock with assets of $5.14 trillion, followed by pioneer Vanguard with $3.96 trillion.  Germany’s Allianz sits in fifth place with $1.97 trillion and the biggest British firm, with $1.1 trillion, comes in at number 20.

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