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Asset Management Industry crosses $100 trn threshold in pandemic era – BCG Report

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Despite the far-reaching effects of the COVID-19 health crisis, global assets under management (AuM) grew by 11% to reach $103 trillionin 2020, although operating profits did not follow suit—remaining stable at around 34%of net revenuesas a result ofcost pressure and fee contraction across all asset classes—according to a new report from Boston Consulting Group (BCG).The report, titled Global Asset Management 2021: The $100 Trillion Machine, was released on Thursday, July 8, 2021