Despite uncertainty regarding the country’s position in the world after Brexit, the one part of the UK economy that’s still booming is financial management. . See also: ValueWalk’s exclusive small-cap magazine [klarman] Total assets under management in the UK rocketed by 20% last year to a record £6.9 trillion ($9 trillion), according to the Investment Association annual Asset Management Survey. The bulk of this growth was a direct result of Brexit. The slide in the value of sterling since the vote has increased the value of assets held in other currencies. According to the survey, £2.6 trillion is managed in the UK…
$23 Trillion Asia Wealth Creation Will Fuel Asset Management Industry Growth
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk