The GCC’s assets under management reached USD 2.2 trln in 2024, representing 9% growth

Abu Dhabi and Kuwait Strengthen Business Influence with Sovereign Wealth Fund Leadership Across GCC

Abu Dhabi and Kuwait lead in managing sovereign wealth funds, influencing the regional financial landscape The value of assets under management (AUM) across the Gulf Cooperation Council (GCC) region surged by 9 percent to $2.2 trillion in 2024, according to Boston Consulting Group (BCG). This growth signifies that the region is emerging as a global financial hub,positioning asset managers in the Gulf to compete with significant global players in…

GCC AUM reach $2.2tn in 2024 reveals BCG report

The region’s 9 per cent AuM growth underscores its rising prominence as a hub for institutional and retail capital, says BCG's Lukasz Rey The post GCC assets under management reach $2.2tn in 2024, shows report appeared first on Gulf Business.

GCC’s Assets Under Management reached US$2.2 trillion - My Startup World - Everything About the World of Startups!

The GCC’s asset management industry grew to $2.2 trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to the 23rd edition of the Global Asset Management report, titled “From Recovery to Reinvention” by Boston Consulting Group (BCG). In the retail mutual fund sector, Saudi Arabia and the UAE have been the principal contributors to growth. As for sovereign wealth funds (SWFs), the largest volumes of as…

The GCC’s assets under management reached USD 2.2 trln in 2024, representing 9% growth

Saudi Arabia and the UAE lead retail mutual fund growth, while Abu Dhabi and Kuwait’s SWFs manage the largest volume of assets in the region