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Laxman Pai, Opalesque Asia: The largest 500 asset managers by assets under management saw their total discretionary assets decline by $18 trillion, or 13.7% in 2022, according to a study. This is the first significant fall in assets managed since the global financial crisis of 2008.
According to research from WTW's Thinking Ahead Institute, at the end of the year, AUM at the largest 500 asset managers was $113.7 trillion.
Asset declines varied by region. Japanese managers within the world's largest 500 fared much better than average with a 5.5% decrease in assets, while North American asset managers saw a 14.2% decrease and Europe (including the UK) experienced an above-average 16.8% decrease.
The research also reveals the continued evolution of active versus passive AUM among the largest investment managers. Investment in passively managed funds has come to account for 34.7% of the total as of 2022, up four percentage points from the previous year. Notably, among the world's largest managers, this still leaves a considerable majority of 65.3% actively managed assets.
Meanwhile, among asset classes, the fall in equity and bond markets caused a gentle shift in weightings, with alternative investments increasing to 7.1% of assets managed. The market falls caused the combined equity and fixed-income allocation to decrease by 2.4 percentage points from a very stable 79% - 80% share over the past 10 years.
The study pointed out that the falls in equities and bo...................... To view our full article Click here
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