EFAMA's latest edition of its 'Asset Management Report in Europe provides an in-depth analysis of recent trends in the European asset management industry. It also highlights the role of asset managers in serving the need of investors, funding European companies, and helping the transition to a greener economy.

Some of the main findings include:

• Total assets under management (AuM) in Europe declined to EUR 27.8 trillion by the end of 2022 due to the bond and stock market downturn. This is expected to increase to EUR 29 trillion in 2023 thanks to the stronger capital markets environment.
• Euro-area investment funds held EUR 2,626 billion of bonds and EUR 1,011 billion of listed shares issued in the euro area at the end of 2022. This illustrates the important role played by European asset managers in the funding of the European economy.
• The share of retail clients in total AuM has been increasing from 26% in 2020 to 30% in 2022, as European households invested larger amounts in capital markets as the pressure of the pandemic receded.
• Assets managed for foreign clients rose from 28% in 2018 to 32% in 2022, signaling growing cross-border activities in the industry.

In addition to data on assets under management in investment funds and discretionary mandates, industry clients, asset allocation and SFDR Article 8 & 9 funds, the report also includes:

• a foreword by EFAMA President, Sandro Pierri
• the results of a survey on the main opportunities and challenges for the industry
• a contribution by McKinsey & Company on the impact of generative AI in asset management
• an analysis by Cerulli Associates on investor demand for private assets
• concrete examples of recent voting and engagement activities by asset managers