Total value of Assets
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
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
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
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
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
The most important factor may be passive investment.
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.
While growth of alternative is lower than expects, at only 3% yoy, according to Willis Towers Watson.
Top 20 gradually grab some share owned by 51-250