On Thursday, 12 December 2024, we hosted a session presenting the main industry trends in the 16th edition of our 'Asset Management in Europe’ report. Participants learned about how the industry was growing, where, how it financed the European economy, who the main clients were, as well as developments in key areas like asset allocation (passive, ESG) and industry organisation. Speakers included EFAMA Senior Economists Thomas Tilley and Vera Jotanovic, and Data Analyst Hailin Yang.

🎥 Discover the highlights of the report

Highlights included:

• Growth in assets under management (AuM) – AuM in Europe grew by 8.3% in 2023, due to a combination of increases in both stock and bond valuations throughout the year.
• AuM across European countries – Six countries are responsible for nearly 85% of the asset management activity in Europe.
• Financing the European economy – Asset managers held around EUR 6.6 trillion in EU-issued debt securities and EUR 3 trillion in EU-issued listed shares.
• Rising share of retail clients – The share of retail clients in total AuM rose from 26% in 2019 to 30.8% at end 2023.
• Growth in passive investing – The steady rise in the share of passive asset management accelerated in 2023, rising from 16% to 17% of total AuM.
• Declining industry profit margins – Asset management industry operating profit margins declined to 11.1 bps of average AuM in 2023, a low not seen since the 2008 financial crisis.

This event was free of charge and opened to the public, including journalists.