China is a 'significant opportunity' for asset managers as AUM soars

China represents a significant opportunity for asset managers, according to Cerulli Associates' latest report, 'Global Markets 2021: Continued Growth in Uncertain Times.' Assets under management in China grew 34.0% in 2020 and net inflows increased 21.8% year-on-year, highlighting a huge opportunity for managers that can capitalize on it. Cerulli's research showed that the Chinese fund market had an impressive 2020, with net revenues rising 37% year-on-year. This growth was supported by strong local equities—the MSCI China recorded a 29.7% return last year, exceeding its 23.7% retu...