Fund Management 2013
The UK is one of the leading global locations and by far thelargest European centre for fund management. The UKfund management industry was responsible for a record£5.4 trillion of funds at the end of 2012. This was up 6.5%on the previous year and represents the fourth successiveyear of growth. TheCityUK estimates that assets increasedby between 4% and 5% in the first three quarters of 2013with the full year increase forecast to reach around 7%. The UK is one of the leading global centres for fund management and by far the biggest centre in Europe. London continues to be the leading international centre for fund management with over a third of its funds under management from overseas.