EFAMA Asset Management Report, May 2017:
This is the ninth review undertaken by EFAMA with the collaboration of its members. The Report represents an effort to provide a snapshot of the European asset management industry across both the retail and institutional landscape. Its focus is on the value of assets professionally managed in Europe, rather than on the domiciliation of assets, and with a distinction between invest ment funds and discretionary mandates assets. This edition features a high level description of the Capital Markets Union (CMU) initiative and its goal to rebalance the European financial system towards a more "market-based system" in which asset managers will play a more active role.