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Britain’s fund management assets rise in 2021, slowdown seen
Fund managers in Britain posted a 6% rise in assets under management to 10 trillion pounds ($10.8 trillion) last year, but a slowdown is likely, the Investment Association (IA) said on Tuesday. The 2021 growth rate was below the 11% compound average annual increase seen in the last 10 years, according to an IA survey. “Whilst 2021 was a positive year, we now face a very different operating environment,” IA CEO Chris Cummings said in the report, pointing to the war in Ukraine.
Source: Yahoo Sports