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Global assets under management to double by 2025 as the world’s population ages, study says

Published on: Oct 30, 2017
Author: Editor

As the world’s population starts to live longer, there’s one industry set to capitalize on retirement plans.

The asset and wealth management sector is set to reach $145.4 trillion in assets under management by 2025 as governments step back from helping people saving for retirement, a report by PricewaterhouseCoopers (PwC) showed Monday.

Global assets under management reached $84.9 trillion in 2016 and will therefore almost double to hit $145.4 trillion in 2025, the latest Asset and Wealth Management Revolution report showed. This means the industry will see assets growing at a pace of 6.2 percent a year, with stronger performances in Latin America and Asia-Pacific.

 “The burgeoning wealth of high-net worth individuals and the mass affluent, as well as a pronounced shift to defined contribution retirement saving, are propelling huge growth in the asset and wealth management industry,” PwC said in a statement Monday.
The consultancy group foresees retail funds, including exchange-traded funds (ETFs), to almost double by 2025 and growing investments in alternative areas, such as real estate and land, private equity and private debt.
Source: CNBC