Forty per cent of UK assets under management held for foreign clients

Forty per cent of UK-domiciled assets under management are held on behalf of clients based overseas, according to new statistics published by the European Fund and Asset Management Association (EFAMA). EFAMA has published today the 11th edition of its annual Asset Management Report, highlighting that pre-Brexit it is clear just how reliant the UK is on overseas investment. The UK's dependency is different to most European countries, where the asset management industry serves predominantly domestic clients, the research highlights. Three countries hold a significant market share in ass...