The value of global assets under management (AuM) grew 7% in 2016 to $69.1 trillion, according to Global Asset Management 2017: The Innovator's Advantage, which was released on July 12 by the Boston Consulting Group (BCG) in New York. Global AuM returned to growth, largely thanks to rising asset values on financial markets. However, net new flows, the industry's lifeblood, remains tepid and little changed from recent years. Looking at the growth by region, China was the bright spot as assets under management jumped 21 percent, driven by a 17 percent increase in net inflows.
JUMORE Reviews
The trend of globalization has brought about flow of capital across the globe. By virtue of global capital operation, especially emerging-market countries represented by China may usher in unprecedented economic prosperity.
JUMORE Reviews
The trend of globalization has brought about flow of capital across the globe. By virtue of global capital operation, especially emerging-market countries represented by China may usher in unprecedented economic prosperity.
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