The UK investment management industry surpassed £9trn in assets under management during 2023, up from £8.8trn in 2022, according Investment Association figures released today (1 August).
The 3% rise in AUM came after a 12% plummet in 2022. However, growth remains relatively slow compared to the period following the global financial crisis in 2008 to 2021, where AUM grew by an average of 9% each year, and funds under management grew by 11%. Currently, funds under management sit at £1.43trn.
UK-listed companies make up nearly a fifth of the equity assets under management, at £780bn, while investment in debt and equity in UK companies grew to £1.18trn in 2023. However, over the past decade, allocation to UK equities has fallen 10%. In comparison, North American companies account for 35% of the share of equity assets, a figure which has near doubled in the past 10 years.
