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UK funds industry assets top £10tn, but trade body warns over future growth
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The trade body representing UK asset managers has warned that the pace of growth that helped to buoy industry assets under management to a record high last year is unlikely to continue, with the war in Ukraine and soaring inflation curbing expectations.
According to the Investment Association's investment management survey — the trade body's annual assessment of the state of the industry — assets managed by its members topped a record £10tn at the end of 2021, up 6% from the previous year.
The...
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