Like several other industries, asset management too is undergoing a metamorphosis. Its chief practitioners are increasingly making use of advanced business analytics. After the sluggish performance in 2016, the sector saw unexpected growth last year as confirmed in the latest BCG study on the same. There was a 12% increase in the Assets under Management (AUM) where the total has now crossed US$ 79 trillion, aided by strong performance in the US and Chinese markets which individually grew at 13% and 22% respectively. African and the Middle East region saw the least bit of growth clocking at only 7%. In spite of the obvious size advantages these players enjoy, they have not yet adopted digitization as much as the potential lies. As a result, their digital assets fall far short of digital natives such as Baidu, Facebook, Google, Amazon, Apple and Alibaba. Companies will increasingly also need to factor in geographical diversity.

Source:https://www.bcg.com/publications/2018/global-asset-management-2018-digital-metamorphosis.aspx?linkId=54484927&redir=true

Uploaded Date:25 August 2018