An estimated annual growth rate of 6.6% until the end of the decade will see global pension fund assets reach $57trn (€42trn), according to analysis by accountants PwC.
In a report entitled ‘Asset Management 2020: A Brave New World’, PwC said the asset management industry would grow to $101trn by the end of the decade.
It said, however, that the market share of assets for the management industry would not grow substantially.
The growth will be driven by an increase in overall assets from affluent clients and high net-worth individuals, coming from emerging and frontier economies.
