Global Asset Management Industry

Source:

Asset Management 2020 A Brave New World

The World’s 500 Largest Asset Managers – Year end 2014

 

Total value of Assets

スクリーンショット 2016-08-16 2.39.07US dominates, Japan and European markets lose shares

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According to PWC, over the past 13 years, there’s a strong correlation between GDP and overall AuM growth

However, the 5.15% nominal global GDP growth forecast by PWC seems impossible today

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Next time we may use updated AUM data to compare with GDP grow rate and see the effect of QE. (world bank data)

PWC forecasted AUM in South America, Asia, Africa, Middle East (SAAAME) economies are set to grow faster than in the developed world in the years leading up to 2020

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However India and South Africa didn’t look well, and they partly suffered from a strong US dollar with Japan, Brazil and Norway

China market is substantial, even though RMB dropped a lot since 2015

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Assets managed for Canadian, Asian and Japanese clients grew strongly, an indication of global diversification in such areas

PWC forecast SWFs will have a more prominent role in global capital markets

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スクリーンショット 2016-08-16 2.17.21.pngHowever the Assets of global sovereign wealth funds halted since 2014

So do PWC think about Global pension fund assets, while I failed to get the recent data

 

To be concluded, with US dollar strength and lower growth rate, the global AUM glooms

/China market may be expected under entering MSCI and RMB internalization

 

Asset Allocation

スクリーンショット 2016-08-16 1.19.33.pngEquity assets have not been outdated, while fixed income and real estate have a faster growth.

The most important factor may be passive investment.

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PWC forecast passive management will get 22% by 2020. It might get wrong again, though in another way. Passive funds has achieved 19% in 2015.

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While growth of alternative is lower than expects, at only 3% yoy, according to Willis Towers Watson.

 

Industry Competition

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Top 20 gradually grab some share owned by 51-250

スクリーンショット 2016-08-16 1.27.22.pngIndependent managers get equal position with bank-owned ones

スクリーンショット 2016-08-16 1.30.32A reference for job hunting

 

 

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