Asset Management in Europe

Created by KURTOSYS based on data from the European Fund and Asset Management Association ASSET MANAGEMENT IN EUROPE BASED ON THE 2013 EFAMA ASSET MANAGEMENT IN EUROPE REPORT €15.4 TRILLION 3,200+ 90,000 415,000 ASSETS UNDER MANAGEMENT AM COMPANIES DIRECT AM JOBS INDIRECT AM JOBS A TOTAL AUM te TRILLIOND A MARKET SHARE IN TOTAL AUM 15.4 BELGIUM 2% 13.4 13.6 14.0 13.8 12.8 OTHER 24% 104% 108% FRANCE 20% 10.9 106% 102% 100% 99% 81% 2011 GERMANY 10% ITALY 4% 2006 2007 2008 2009 2010 2011 2012 (EST) UK 36% NETHERLANDS 4% INVESTMENT FUNDS DISCRETIONARY MANDATES - AUM/GDP ANALYSIS A AUM PER COUNTRY CEND 2011 Asset management is highly concentrated in a limited number of countries. The top three countries the UK, France and Germany together accounted for 67% of total AUM in Europe at end 2011. The large pool of savings available in the most populated countries in Europe has facilitated the development of local asset management industries to offer their wholesale services to E UK 64,977 BN ITALY €611 BN NETHERLANDS €474 BN FRANCE €2,756 BN GERMANY OTHER €3,532 BN €1,438 BN foreign investors. CLIENTS OF THE EUROPEAN ASSET MANAGEMENT INDUSTRY 75% INSTITUTIONAL 25% RETAIL HOUSEHOLDS 33% PENSIONS 3% BANKS 22% OTHER INSTITUTIONALS HIGH NET WORTH 42% INSURERS WHERE EUROPE SITS GLOBALLY INDUSTRY LEADER QUOTES "The asset management industry creates significant sources of employment, particularly in those jurisdictions which boast significant volumes of funds domiciled there." USA € 19.9 TRILLION "There should be no possibility of regulatory arbitrage by choosing the location of asset management." EUROPE € 13.8 TRILLION "The industry is one of the most important providers of liquidity needed to ensure the smooth functioning of capital markets, and provides the means for its clients to JAPAN €3.4 TRILLION WORLDWIDE €45 TRILLION ASIA €2.5 TRILLION diversify their portfolios and LATIN AMERICA E1.2 TRILLION achieve their investment AUSTRALIA 61.1 TRILLION goals." EUROPEAN AUM AT END 2011 (E BILLION) AND AUM/GDP (%) COUNTRIES AUM AUM % CHANGE (" MARKET SHARE AUM / GDP AE UK 4,977 8% 36% 270% FRANCE 2,756 -5% 20% 139% GERMANY 1,438 -4% 10% 56% U ITALY 611 -9% 4% 39% NETHERLANDS 474 -4% 3% 78% T BELGIUM 217 -5% 2% 58% PORTUGAL 70 -13% 1% 41% AUSTRIA (2 75 -11% 1% 25% HUNGARY 19 -44% 0.1% 19% TURKEY 18 -12% 0.1% 3% GREECE -35% 0.0% 3% REST OF EUROPE 3,127 -8% 23% 77% TOTAL 13,789 -2% 100% 99% (1) End 2011 compared with end 2010. (2) Investment fund assets only. (3) Including Bulgaria (EUR 215 million) and Romania (EUR 1.9 billion). SEE HOW KURTOSYS MAKES FUND MARKETING EFFICIENT, INTERACTIVE AND BEAUTIFUL AT WWW.KURTOSYS.COM/FUNDMARKETING Source: 2013 EFAMA Asset Management in Europe Report. (http://www.efama.org). KURTOSYS Created by Kurtosys Systems based on data by EFAMA.