Overseas clients dominate assets managed in the UK for first time

Overseas clients dominate assets managed in the UK for first time

Assets managed in the UK on behalf of overseas clients have surpassed 50% for the first time, comprising £5.1trn of AUM, according to the latest figures from the Investment Association. Overseas client assets have more than doubled over the past decade, growing at a faster rate than UK client assets, which increased approximately 40% over the same period. European client assets now account for 59% of overseas AUM, totalling £3trn, up by 20% year…