With total assets under management (AUMs) growing 20% since last year, intermediaries accounts may see AUMs hike an average of 45% and 63% in Hong Kong and Singapore respectively by 2020, says a Julius Baer report. In total, the report forecasts AUMs of independent/external asset managers (IAMs/EAMs) to grow 101% and 106% respectively in Singapore and Hong Kong by 2020….
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