Surge Predicted In Global Assets Under Management

With an overview of the conditions that the global asset management industry will face over the medium term, PwC examines the impact on the leading offshore fund domicile.

With significant implications for the Cayman investment fund sector, research from PwC predicts that global assets under management (AuM) will rise to around US$101.7 trillion by 2020, from a 2012 total of US$63.9 trillion. This represents a compound annual growth rate of nearly 6%.

The report, Asset Management 2020: A brave new world, finds that assets under management in the SAAAME (South America, Asia, Africa, Middle East) economies are set to grow faster than in the developed world in the years leading up to 2020, creating new pools of assets that can potentially be tapped by the asset management industry. However, the majority of assets will still be concentrated in the US and Europe.