The survey results settle concerns about faster-than-GDP AUM growth.
The survey results settle concerns about faster-than-GDP AUM growth. Between now and the end of 2025, the surveyed asset managers expect 21% growth in global AUM, broadly in line with recent global GDP trends. While that is lower than some other estimates for AUM growth, it seems a safer expectation given the recent trend of falling savings rates.
Geographically, APAC countries are expected to show the fastest growth to 2025, with Europe (ex-UK) and the U.S. a couple of percentage points behind the average. It may be that the U.S. is held back by its larger proportion of large funds with over $400 billion in AUM: when you're that big, it's hard to run faster.
Perhaps the standout result here is the strong showing for the UK, which is close to the APAC growth rate and several points ahead of the U.S. and the rest of Europe. The result is all the more notable given the imminence of Brexit, which likely exerted a dominant influence over the forecast period and was cited as one of the strongest negative factors for AUM growth by respondents.
