- Net inflows and acquisitions power up AuM
- Mandates still dominated by technology funds
Free the numbers of any context, and the 12-month period to 31 March 2021 was pretty flattering for financial markets. It started with the MSCI All-World Index in a trough at $426 (£309) and finished with the global equity benchmark up 60 per cent at $680.47, an all-time high.
Plot it on a chart and the profound economic uncertainty that marked much of that time is barely detectable.