Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Mena pension fund to hit $5 trillion by 2020  Join our daily free Newsletter

MENAFN - The Peninsula - 13/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Global assets under management (AuM) will exceed 100 trillion by 2020, with compound annual growth (CAGR) of nearly 12 percent for Middle East and Africa. Meanwhile, the pension fund in the Mena region will reach close to 5 trillion by 2020



Research from PwC predicts that global AuM will touch around 101.7 trillion by 2020, from a 2012 total of 63.9 trillion. This represents a CAGR of nearly 6 percent



The report, "Asset Management 2020: A brave new world", also finds that assets under management in the SAAAME (South America, Asia, Africa, Middle East) economies are set to grow faster than in the developed world in the years leading up to 2020, creating new pools of assets that can potentially be tapped by the asset management industry.



PwC also said that the local population of the GCC countries who work for government entities are ffered great state-administered pension funds. Therefore, PwC predicts pension fund assets will grow by 8.8 percent a year to reach 5.0 trillion by 2020 from a 2012 total of 2.4 trillion. Globally, PwC predicts pension fund assets will grow by 6.6 percent a year to reach 56.5 trillion by 2020 from a total of 33.9 trillion in 2012




AuM growth in the Middle East will be mainly driven by positive economic outlook, family businesses and entrepreneurship and the population demographics



The research note said that diversifying economies, great investment opportunities and favourable regulation complemented by highlight events such as Qatar FIFA World Cup 2022 and Dubai Expo 2020 will attract the capital inflow into the region



It also said that the family businesses in the Middle East are very powerful and they control 75 percent of the private sector

MENAFN1302201400630000ID1093770559

 


The Peninsula




  MENA News Headlines
 Jan 16 2017 - Jordan launches new rules prevent workers from changing employersMENAFN
(MENAFN) Guest workers will not be able to change their workplace before their work permits expire under new regulations issued by the Labour Ministry recently.In detail, the new rules stipulate that ...

 Jan 16 2017 - Dubai cracks down on cafes for shisha violationsMENAFN
(MENAFN) Dubai Municipality has asked Department of Economic Development not to renew licences of 119 cafes and closing their activities for violating the terms of the Federal Law on Tobacco Control, ...

 Jan 16 2017 - Egypt- Pound flotation was mandatory, sector faces difficulty in marketing new units: real estate investorsDaily News Egypt
(MENAFN - Daily News Egypt) Darwish Hassanein, CEO of the Saudi Egyptian Construction Company (SECON), said that the decision to float the Egyptian pound was mandatory despite its delayed release; ...

 Jan 16 2017 - Egypt's problemDaily News Egypt
(MENAFN - Daily News Egypt) Sometimes, I try to stay away from writing, because I feel that the written word should resonate with decision makers in Egypt in order for the writer and researcher to ...

 Jan 16 2017 - Five reasons why Hillary lost and Trump wonDaily News Egypt
(MENAFN - Daily News Egypt) First reason: the electoral college The United States presidential election is an indirect election. Citizens of the US cast ballots for members of the electoral ...

 Jan 16 2017 - Umm Al-Qura sign pilgrims safety agreementMENAFN
(MENAFN) Minister of Health Tawfiq Al-Rabiah and Dr. Bakri bin M"atoog bin Bakri Assas, president of Umm Al-Qura University, signed an agreement recently with the Global Center for Mass Gathering ...

 Jan 16 2017 - Bahrain executes three Shia men over 2014 police killingMENAFN
(MENAFN) Bahrain has executed three Shia men who were convicted of killing three police officers in a bomb attack in March 2014, the authorities say.In detail, they were killed by a firing squad on ...

 Jan 16 2017 - Turkey goes ironic over US requestMENAFN
(MENAFN) If the United States wants to invite Kurds to the forthcoming Syrian peace talks it might as well invite the Islamic State (IS) group, said the foreign minister of Turkey, whose country ...

 Jan 16 2017 - Rebuilding Syria's decimated medical infrastructureAsia Times
(MENAFN - Asia Times) Rebuilding a nation from the ruins of war is no easy task, especially when the nature of the conflict is fratricidal. But if a devastated post-World War II Europe proves ...

 Jan 16 2017 - 'Astana' stands between the lion and the foxArab Times
(MENAFN - Arab Times) Ahmed Al-Jarallah – Editor-in-Chief, the Arab Times There is a folktale about a lion that went on a hunting expedition with a fox and a wolf. They succeeded in catching a wild ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help