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

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.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.