Assets of world's largest fund managers increase by over 15% to US$94 tril

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SINGAPORE (Oct 29): The total assets under management (AUM) of the world’s top 500 fund managers surged to US$9.8 trillion (S$13.5 trillion) in 2017, 15.6% higher than 2016, according to the latest Global 500 research from Willis Towers Watson’s Thinking Ahead Institute.

Moreover, the concentration of assets managed by the top 20 largest managers have reached an all-time high since inception in 2000, and now account for more than 43% of the top 500 managers’ total AUM.

According to the research, AUM of managers in Asia Pacific in the global ranking came up to S$1.8 trillion, a 17% increase from... (Click here to read the full story)