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Asia’s assets under management to double by 2015: Citi

Asia’s assets under management are expected to nearly double, reaching US$4 trillion by 2015, underpinned by a growing emerging affluent segment, new pools of insurance and retirement assets, and increased interest from foreign investors according to an independent report commissioned by Citi’s Securities and Fund Services and Mirae Asset Global Investments. The report, titled “Picking High-Hanging Fruit: Competition Intensifies Between…

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