The unprecedented severity of the financial crisis and subsequent recession has contrasted the Portfolio Management industry's recovery since, particularly in 2013, causing industry revenue and Assets Under Management (AUMs) to fluctuate significantly over the period. Meanwhile, industry profit has declined due to increased competition and shifting preferences placing downward pressure on fees. Over the five years to 2015, industry revenue is expected to increase, largely due to the low base that 2010 provides and historic highs in equity markets. Yet, this moderate annualized increase masks substantial volatility that occurred over the past five years. Improved market conditions will push up stock returns and bond yields, causing AUM to grow over the next five years.
The industry comprises firms that actively manage assets for clients. Portfolio managers have the authority to make investment decisions and generate revenue through fees that are based on service and portfolio performance. Industry operators manage assets for investment vehicles such as mutual funds, hedge funds and variable insurance products.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.