The UK’s fund management seThe UK’s fund management sector was worth £6.2trn at the end of 2013, data from TheCityUK has found.
The promotional body said more than £2.2trn came from overseas clients, making the UK one of the global leaders in managing foreign clients’ funds.
TheCityUK’s Fund Management 2014 report shows that the sector recovered quickly from the fall experienced at the outset of the economic downturn and is now nearly 50 per cent above the pre-crisis peak.
The figures show the sector has experienced its fifth consecutive year of growth, recording a 14 per cent increase.
Chris Cummings, chief executive of TheCityUK, said: “The UK is one of the leading international centres for fund management and by far the largest European centre. The fund management sector is also one that consistently generates a significant trade surplus for the UK economy.”
