This represented a complete business AUM improve of three% final yr because of a market rebound, following a 12% drop in 2022.
In response to knowledge from the Funding Affiliation, this development is testomony to a return of worldwide urge for food within the UK funding administration business, and the power of funding managers to climate the storm of an period of quantitative easing and decrease rates of interest.
UK-listed firms accounted for roughly 20% (£780bn) of UK fairness AUM, whereas belongings of their North American counterparts stood at 35% of the market share.
AXA to promote funding administration divisi…
