GLOBAL - Total assets managed by the world's largest fund managers grew to US$48.8trn in 2004, an increase of 13% from 2003, according to new research from Watson Wyatt.
But the consultant found the 13% increase during 2004 was moderate compared with the 22% expansion in 2003. Kevin Carter, head of European investment consulting at Watson Wyatt said: “During the ye...
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