Global assets under management set to hit US$200 trillion by 2030
Even with the ongoing challenges in politics and the economy, stock markets are doing really well, driven by a huge wave of investments looking for limited real-world chances. PricewaterhouseCoopers expects that by 2030, global assets managed will jump from about US$140 trillion in 2024 to US$200 trillion. In comparison, McKinsey revised its earlier prediction for 2024 from US$135 trillion to US$147 trillion by mid-2025. This influx of capital is having a big effect on stock prices. The S&P 500 and Nasdaq have reached record highs, while Japan's Nikkei Stock Average briefly surpassed 60,000 for the first time. Various superficial explanations have been offered for this trend of 'irrational exuberance,' a term coined by former US Federal Reserve chairman Alan Greenspan.
Key facts
- Global assets under management expected to rise from nearly US$140 trillion in 2024 to US$200 trillion by 2030 (PwC).
- McKinsey put 2024 figure at US$135 trillion, growing to US$147 trillion by mid-2025.
- S&P 500 and Nasdaq have soared to record highs.
- Nikkei Stock Average briefly rose above 60,000 for the first time.
- Too much portfolio investment chasing too few real-world investment areas.
- Alan Greenspan coined 'irrational exuberance'.
- Stock markets appear to defy gravity despite geopolitical and economic risks.
- PwC and McKinsey are cited as sources for asset under management figures.
Entities
Institutions
- PricewaterhouseCoopers
- McKinsey
- S&P 500
- Nasdaq
- Nikkei Stock Average
- US Federal Reserve
Locations
- United States
- Japan