Hailed as a growth industry just a few years ago, Japan’s asset management industry now seems to be at an impasse. Most notably, the retail investment trust business, contrary to previously optimistic expectations, has stalled and is showing no signs of re-embarking on a growth path. The industry’s woes in the retail market segment have been compounded by a recent downshift in banks’ demand for private fund products. However, looking beyond quantitative metrics such as AUM and revenue, we are encouraged by recent developments with the potential to drive dramatic growth even in the retail market segment.
Japan's Asset Management Business2018/2019