Global fund flow growth to be led by Asia Pacific

Although global net flows reached a seven-year high in 2013, growth will trail off from 2014-18 with Asia Pacific leading net new flow and capital appreciation, finds a survey of asset managers*. Globally, assets under management rose to $58 trillion last year, from $52 trillion in 2012, with industry revenue expanding to $302 billion, from $261 billion. Institutional managers extended revenue 25% last year, while retail-focused managers saw a gain of 11%. AUM growth was attribu…