Asian asset management revenues on course to double by 2022

Revenues for asset managers across Asia-Pacific are on course to nearly double from $66bn to $112bn over the next five years, driven by reforms in China, ageing populations and rising wealth in emerging economies, according to a study by McKinsey, the consultancy.
Third-party professional money managers run around $16tn across Asia. This leaves close to 90 per cent of Asian financial assets outside the control of the asset management industry, a far lower share than in Europe or the US. Three big trends should increase the share of wealth run by third-party managers, boosting their revenues and profits.