Early indicators for 2008 show net outflows as banks have used their asset management arms to improve the liquidity of their banking operations. Worldwide assets of the global fund management industry probably totalled around $110 trillion.
UK assets under management grew 8% to a record £4.1 trillion at the end of 2007 according to IFSL’s Fund Management 2008 report. Early indicators for 2008 show that the industry has experienced net outflows as some high street banks have used their asset management arms to improve the liquidity of their banking operations. Reduced investor confidence has also resulted in negative retail fund flows with UK domiciled retail funds declining 7% in the year up to August 2008 to £427bn.
Worldwide conventional fund management assets, increased 14% in 2007 to $74.3 trillion. Together with alternative assets, such as those of sovereign wealth funds, hedge funds, private equity funds and funds of wealthy individuals, assets of the global fund management industry probably totalled around $110 trillion.
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© IFSL - International Financial Services London
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IFSL fund management report 2008.pdf
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