EFAMA: European assets under management falls for first time since 2018

First nine months of 2022

The annual report from the European Fund and Asset Management Association published on 14 December has estimated an 11.8% decline in total AUM during the first nine months of 2022, the first year-on-year decline since 2018.

This fall puts assets at €28.4trn, down from €32.2trn in 2021 and lower than the 2020 figure of €28.5trn.  According to EFAMA, assets under management in Europe had been rising steadily since 2011, when it stood at €14.3trn, apart from a small 2.2% decline from 2017 to 2018. Pressure on costs EFAMA predicted that the recent sharp fall in financial markets will lead to a decline revenues and profit margins of asset management companies in 2022, which will, in turn, put strong pressure on costs. Revenue margins have been rising, despite the continued pressure on fees. According to...