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Apac AUM reaches $6.9 trillion

Apac AUM reaches $6.9 trillion

New study has found that total assets under management (AUM) of the world’s largest 500 managers grew to US$81.2 trillion in 2016, up 5.8% on the previous year.

Of this, Asia Pacific managers in the global ranking totalled $6.9 trillion, up 1.3% on the year, according to Willis Towers Watson’s Global 500 research.

Japan at $4.7 trillion, represents the largest share of the assets managed by managers domiciled in Asia Pacific, followed by Australia with $1.1 trillion.

Assets managed by 21 mainland Chinese managers amounted to approximately $1.1 trillion in 2016. The research also showed that during the five-year period from end-2015 to end-2016, there was an increase in the representation of managers from mainland China from 0.3% in 2011 to 1.3% in 2016.

In contrast, the representation of managers from Japan declined during this period from 8.4% in 2011 to 4.6% in 2016. The share of total assets managed by Australia and South Korea managers has been relatively stable during the period.

‘Wealth management is increasingly becoming active investors particularly from Asian clients investing in alternatives. Anecdotal evidence suggest increasing success in raising capital to invest in private equity and real estate related opportunities in Asia,’ Richard Tan, head of manager research at Willis Towers Watson told Citywire Asia.

High net worth investors (HNWI), Tan said, invest seeking attractive returns typically allocated away from their home market for reasons related to diversification.

‘Our survey results demonstrate that currency and its foreign exchange impact can meaningfully impact returns – and as such is increasingly becoming a major consideration determining investment destination.

‘Having said this, investment themes [US infrastructure, frontier markets manufacturing] which resonate strongly with the HNWI still plays a significant role in determining where investments are made,’ he added.

Meanwhile total AUM for North American managers increased by 7.7% and now stands at US$47.4 trillion, while assets managed by European managers, including the UK, increased by 2.8% to US$25.8 trillion.

BlackRock retained its position as the top of the manager rankings for the eight consecutive year. This was followed by Vanguard Group, State Street Global, Fidelity Investment, Allianz Group, J.P. Morgan Chase, BNY Mellon, AXA Group, and Capital Group, among others.
 

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