Fri, Aug 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Cerulli: Optimism returns as global assets set to cross US$70.4tln in 2013

Friday, July 12, 2013
Opalesque Industry Update - Global assets under management are set to cross US$70.4 trillion by the end of 2013-a full US$20 trillion higher than the industry's low point in 2008. The even better news is that this is a conservative estimate that may need upward revision if the global financial markets continue to perform as strongly in the rest of the year as they have in the first five months, according to Cerulli Associates' flagship international report, The Cerulli Report: Global Markets 2013.

Now in its 12th iteration, this annual report covering both retail and retirement asset management globally reports that non-US assets accounts for a more than 50% share of total assets, but the engine of growth remains the United States, certainly in the near term. "It would be churlish not to feel a sense of optimism about the near- and medium-term outlook for the global asset management industry, especially when considering top-line growth", says Shiv Taneja, Cerulli's London-based managing director. He adds that even Europe has managed to add US$5.9 trillion in assets since 2008.

"The worry, however, is when considering bottom-line growth. Here the picture is less well-defined, as many firms-large and small-continue to have to deal with the effects of the financial crisis and margin pressure. The sunny uplands may beckon, but a good guide is going to be essential," says Yoon Ng, associate director at Cerulli, and one of the report's key authors.

The Global Markets 2013 report shows that only Japan is slated to show slower asset growth than Europe over the next five years to 2017, but when it comes to heft there is no getting away from the fact that the United States is, and is likely to remain, the sweetest spot, from a global growth standpoint.

"Could it really get to be more than twice bigger than Europe, in asset terms, by 2017? It certainly appears so," says Taneja.

Cerulli's prognostication suggests that Asia ex-Japan will continue to show the highest growth rate over the five years to 2017, but this top-line figure must be measured up against the region's ability to generate consistently strongly bottom-line growth. The next few years will be crucial, says Ng.

Press release

www.cerulli.com

Recent related article:
10.07.2013 - BCG: Global assets under management surpass 2007 level, reach $62tln in 2012 Source

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner