Assets under management for the UK investment management industry have fallen to £8.8trn in 2022 from £10trn in 2021, according to the Investment Association’s latest investment management survey.
The fall in AUM can be attributed to the turbulence of last year; political and economic uncertainty owing to the Ukraine war, rising inflation leading to a cost-of-living crisis, multiple changes at the top of British politics and the markets experiencing an unusual correlation in the direction of travel for both global equities and bonds. Despite this, the UK investment management industry retained its leading international position. Alongside the £4.6trn managed for UK retail and institutional investors, a further £4.2trn is managed on behalf of overseas investors. IA: Inflows int...
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