Eighty five per cent of investment managers questioned in a new global asset management survey by Arthur Andersen Global Financial Services, believe that Europe will be the driver behind future growth in the investment market.
And 84% of US respondents to the survey, drawn from the views of 319 asset managers, confirmed Europe as a target for business development. The survey showed Germany coming second to the US in growth potential with the UK, France and Italy following in fourth, fifth and sixth places respectively, behind Japan.
Clive Bouch, head of Arthur Andersen’s asset management practice, comments: “Overall the managers were very bullish about growth prospects in the markets, but particularly in Europe where they feel governments are actively grappling with the pension funding issue.