Asia wealth firms target doubling of assets under management to US$260 trillion by 2026

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Asia wealth management firms have ambitions to double assets under management to almost US$260 trillion by 2026 from last year’s levels, according to a report by consulting firm Accenture.

The markets include Hong Kong, mainland China, Australia, India, Indonesia, Japan, Malaysia, Singapore, Thailand, and Vietnam.

One of the biggest cross-border investment channels in the region was being driven by demand from mainland customers investing in Hong Kong.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongAustraliaChinaIndiaIndonesiaJapanMalaysiaSingaporeThailandVietnam

Topics: Report Investors Assets Region Managers Markets Firms Wealth Demand Cent Management

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 08:00:21 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 587 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21766907

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