New Delhi: The global asset management industry grew to a record-breaking $128 trillion in assets under management (AuM) in 2024, a 12% increase from the previous year, according to Global Asset Management 2025, the 23rd edition of this report from Boston Consulting Group (BCG). The industry’s performance marks a rebound from the decline it suffered in 2022, but the recovery belies mounting structural pressures that demand urgent reinvention.
This year’s report, titled From Recovery to Reinvention, reveals that more than 70% of the industry’s $58 billion in revenue growth in 2024 was driven by market performance rather than investor inflows, underscoring the industry’s vulnerability to external forces. Meanwhile, persistent fee compression, shifts in investor preferences, and digital disruption are pushing firms to redesign their business models, accelerate cost innovation, and sharpen their strategic focus.
“The asset management industry globally has entered a pivotal phase—moving beyond recovery in last few years into a period of reinvention. In 2024, global Assets under Management (AuM) reached an all-time high of $128 trillion, driven by strong market performance worldwide. India has seen some softening of retail participation in 2025, however the overall move of household savings from traditional instruments like Fixed deposits to capital markets, especially mutual funds continue strongly. We expect continued democratization of the market, higher growth of passives and alternatives, and structural movement towards retirement pools.” says Mayank Jha, MD & Partner, BCG
