Global assets under management are on track to hit the $80tn mark this year, with China and Latin America the fastest-growing regions for investment managers.
Assets were $48.2tn on the eve of the financial crisis having grown at a compound annual rate of 12 per cent in the preceding years, according to Boston Consulting Group. The rate fell to 4 per cent between 2007 and 2016 but is now back at the pre-crisis pace.
The main drivers are record net inflows to asset managers amid a bull market for both bonds and equities but regional differences are sharp.
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