Investable assets under management are due to grow to $100 trillion by 2018, according to new research. Cerulli Associates unveils this forecast in the "Global Markets 2014."
Now in its 13th iteration, the annual report examines institutional and retail asset management worldwide. The survey indicates that the past two years "have been good" for financial service professionals engaged in asset management, as the industry has enjoyed top-line asset growth in both developed and emerging markets. Nonetheless, the report contains a cautionary note about the industry's prospects near-term.
"The dark days of late 2008 and early 2009 may be well behind us, but there continues to be pressure on net revenues," says Shiv Taneja, London-based managing director at Cerulli. "Our five-year prognosis to 2018 is optimistic, but navigating the next couple of years could be a lot trickier."
