This is the 16th edition of our ‘Asset Management in Europe’ report. The report provides an in-depth analysis of recent trends in the European asset management industry.
Some of the main findings include:
Assets under management (AuM) in Europe grew by 8.3% in 2023, driven by rising stock and bond valuations throughout the year. We estimate this reached a new record of EUR 32.7 trillion at the end of September 2024.
Asset managers held around EUR 6.6 trillion in EU-issued debt securities and EUR 3 trillion in EU-issued listed shares at the end of 2023, illustrating their important role in funding the European economy.
- The share of retail clients in total AuM rose from 26% in 2019 to 30.8% at end 2023, with ETFs emerging as a preferred investment vehicle.
- Operating profit margins in the asset management industry dropped to 11.1 bps of average AuM in 2023, the lowest level since the 2008 financial crisis.
In addition to data on assets under management in investment funds and discretionary mandates, industry clients, asset allocation and industry organisation, this report includes contributions from McKinsey, Oliver Wyman, Novantigo and several EFAMA corporate members, on key industry questions, including:
- What are the winning retail strategies for fund managers?
- What opportunities does increasing life expectancy present for asset managers?
- How strong is the demand from European insurers for private assets strategies?
- What approaches do asset managers take when investing in private markets?
