GLOBAL - The global fund management industry saw virtually no growth in 2001, according to the preliminary results of a Cerulli Associates study.
Cerulli, which will expand its findings into a research piece later this year, claims that assets under management among survey participants grew by 0.2% - less than $100bn - during 2001. Total assets under management currently stand at $33.94tr, compared to $33.85tr the year before.
The consultant’s research so far is based upon figures up to June 2001.
Cerulli also estimates that more money will flow into fund-of-funds and multi-manager products. Bt its figures, multi manager funds hold a total of $326.2bn, whilst fund of funds products hold $105.1bn.
Cerulli will survey twice a year the world’s 100 largest asset management firms, which oversee 77% of the estimated $34tr market. Key output from the survey and projections based on its findings will be included in the upcoming semi-annual research paper, CA Global Update. The first edition is set for a third quarter release.
By Geoffrey Ho
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