More money than the total wealth of Europe
Posted by Robin Powell on November 2, 2017
I’m pleased to announce that I’m going to be writing regularly for InvestWithETFs, a new website, based in the UK, which promotes low-cost, evidence-based investing. And, ta-da.. here is my very first post.
It’s about the extraordinary growth in global assets under management. One report this week showed that the world’s fund managers now control more money between them than the total wealth of Europe; another predicted that global AuM will reach $145.4 trillion by 2025.
These are remarkable statistics, and remember, the more assets the fund industry controls, the more money it’s able to skim off in fees.
You’ll find the article here: