News

Asian AuM to rocket to $30 trillion

Asia_globeIn eight years' time the asset and wealth management industry in the Asia-Pacific region will control nearly $30 trillion, according to new estimates. The prediction, from consultancy PwC, suggests the region's growth will outpace most of the globe and lead Asia-Pacific to rise from 14% of the global asset pool in 2016 to 20% by 2025. “The burgeoning wealth of high-net worth individuals and the mass affluent, as well as a pronounced shift to defined contribution retirement saving, are propelling huge growth in the industry,” said the report. Between now and 2020, global industry assets are expected to rise 7% a year, according to the report, slowing to 5.5% a year between then and 2025. The Asia-Pacific region, however, is predicted to grow much more quickly. Despite the optimistic outlook, the industry faces many challenges. These include downward pressure on fees, a potential disruption by digital technology, and regulation, such as Mifid II. ©2017 funds global asia

Executive Interviews

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.