By the Numbers: Asset Management in Europe

UPDATED Created by KURTOSYS based on data from the European Fund and Asset Management Association ASSET MANAGEMENT IN EUROPE BASED ON THE 2014 EFAMA ASSET MANAGEMENT IN EUROPE REPORT o( Do €16.8 TRILLION 3,200+ 95,000 435,000 ASSETS UNDER MANAGEMENT AM COMPANIES DIRECT AM JOBS INDIRECT AM JOBS THE ASSET BASE MANAGED IN EUROPE REACHED A NEW RECORD HIGH IN 2013 BOTH INVESTMENT FUND AND DISCRETIONARY MANDATE ASSETS STOOD AT RECORD HIGH LEVELS 16.8 TOTAL AUM (E TRILLION) 15.4 13.4 13.6 14.0 13.8 12.8 115% 10.9 104% 108% DISCRETIONARY MANDATE AUM INVESTMENT 106% 102% 100% 99% FUNDS AUM 81% 52% 48% 88.7 TRN €8.1 TRN 2006 2007 2008 2009 2010 2011 2012 2013 (EST) INVESTMENT FUNDS O DISCRETIONARY MANDATES - AUM/GDP INSTITUTIONAL INVESTORS, ACTING ON BEHALF OF MILLIONS OF HOUSEHOLDS, REPRESENT THE LARGEST CLIENT CATEGORY OF THE EUROPEAN ASSET MANAGEMENT INDUSTRY, ACCOUNTING FOR 74% OF TOTAL AUM IN EUROPE 74% INSTITUTIONAL 24% RETAIL HOUSEHOLDS HIGH NET WORTH 42% INSURERS 32% PENSIONS 3% BANKS 23% OTHER INŠTITUTIONALS EUROPE RANKS AS THE SECOND LARGEST MARKET IN THE GLOBAL ASSET MANAGEMENT INDUSTRY, MANAGING 33% OF THE EUR 47 TRILLION GLOBAL ASSET MANAGEMENT INDUSTRY EUROPE € 15.4 TRILLION USA €21.5 TRILLION JAPAN €3.6 TRILLION ASIA €2.9 TRILLION SOUTH AMERICA € 1.1 TRILLION AUSTRALIA €1.2 TRILLION EUROPEAN AUM AT END 2012 (€ BILLION) AND AUM/GDP (%) COUNTRIES AUM AUM % CHANGE " MARKET SHARE AUM / GDP ar UK 5,449 9% 35.00% 282% FRANCE 2,977 8% 19.00% 146% GERMANY 1,618 13% 10.00% 61% T ITALY 841 38% 5.00% 54% - NETHERLANDS 469 -1% 3.00% 78% T BELGIUM 225 4% 1.00% 60% E AUSTRIA (21 84 11% 1.00% 27% PORTUGAL 66 -6% 0.43% 40% - HUNGARY 21 10% 0.14% 22% TURKEY 16 -14% 0.10% 3% E GREECE 14% 0.05% 4% REST OF EUROPE 3,662 14% 24.00% 97% TOTAL 15,434 11% 100.00% 108% (1) End 2012 compared with end 2011. (2) Investment fund assets only. (3) Including Bulgaria (EUR 247 million) and Romania (EUR 2.1 billion). SEE HOW KURTOSYS MAKES FUND MARKETING EFFICIENT, INTERACTIVE AND BEAUTIFUL AT WWW.KURTOSYS.COM/FUNDMARKETING Source: 2014 EFAMA Asset Management in Europe Report. (http://www.efama.org). KURTOSYS Created by Kurtosys Systems based on data by EFAMA.