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Laxman Pai, Opalesque Asia:

Assets under management held by Investment Association (IA) members grew to £9.4 trillion ($12.9tn) in the UK by the end of 2020, an increase of 11% compared to the previous year, said a study.

According to the Investment Management Survey (IMS), total funds under management (FUM) for UK investors have also seen an 11% increase year on year, reaching £1.4 trillion in 2020.

The study said that quick adaptation to home working, a focus on delivering for customers, and crucial interventions from the central banks were all key aspects of the industry's recovery and resilience through the Covid-19 pandemic.

The UK remains the second largest investment management center in the world behind the United States and by far the largest investment management center in Europe with a market share of 37%.

The UK's share of the European market is larger than the combined total of France, Germany, and Switzerland. The UK also remains an attractive hub for overseas investors. By the end of 2020, overseas client assets accounted for 44% of total AUM (equivalent to £4.2 trillion).

The growth in assets managed according to responsible investment criteria is one of the standout developments of 2020. The green agenda continues to rise in prominence and investment managers have committed to support the transition to net-zero emissions.

49% of total assets managed by IA member firms apply ESG integration, up from 37% in 2019. The proportion of asset......................

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