IslamicFinance.de

According to the annual benchmark report of the Boston Consulting Group (BCG), the global growth of asset management stalled in 2015 as the industry recorded its worst year since the 2008 financial crisis. Growth in assets under management (AuM) stalled — or in the case of the Middle East declined 10%. Flows of assets, revenue growth and revenue margins all dipped lower in 2015. AuM decreased in North America and the Middle East but rose elsewhere. Growth was modest in Europe and strong in Latin America and Asia, excluding Japan and Australia. The 10% growth of AuM in Asia, excluding Japan and Australia, was relatively robust. BCG reports that the global value of AuM rose just 1% in 2015, to $71.4 trillion from $70.5 trillion in 2014, after growing 8% that year. Asset managers will have to shift from outdated product strategies and develop disruptive investment capabilities.