Funds industry tipped to break $1.5 trillion barrier
Cerulli tips a CAGR of 11% up to 2016 for Asia ex-Japan mutual funds. It expects a narrowing of retail banking as a distribution channel and does not see ETFs overtaking mutual funds.
Asia ex-Japan’s mutual funds industry is forecast to see steady AUM growth to break through the $1.5 trillion barrier by 2016, at a compound annual growth rate of 11%.
That stands in contrast to the -5.6% CAGR it registered from 2007 to 2011, stemming from dismal fund flows and underperforming equity markets, reports research firm Cerulli Associates in its latest report, Asian Distribution Dynamics 2012.
By end-June this year industry AUM had increased 8.4% from the end of last …
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