Only one in three asset management executives believes their own business will grow

According to a new survey by consultancy firm PWC, one in three top executives in the asset management industry expects the global economy to drop by 2020. And just one in three expects their own business to grow.

Globally, asset management executives are not optimistic about growth in their own businesses and in the world economy, concludes a new survey conducted by consultancy firm PWC.

PWC has interviewed 164 top executives in asset management across 90 countries. Roughly 20 percent of the directors manage a company with an annual revenue of more than USD 1bn.

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