1、INVESTMENT MANAGEMENT IN THE UK 2021-2022The Investment Association Annual SurveySeptember 20222CONTENT ENQUIRIESSarah Shehabi,investmentassociation.surveytheia.org CONTRIBUTORSSarah ShehabiEvan Grace FrenkelRichard HaleMiranda SeathJonathan LipkinThe Investment Association(IA)Camomile Court,23 Camo

2、mile Street,London,EC3A 7LL www.theia.orgInvAssocSeptember 2022 The IA(2022).All rights reserved.No reproduction without permission of the IA.3INVESTMENT MANAGEMENT SURVEY 2021-22|CONTENTSCONTENTSIndex of Charts,Figures and Tables 5About the Survey 8Survey Foreword 10Executive Summary 121.UK INVESTM

3、ENT MANAGEMENT INDUSTRY:A GLOBAL CENTRE 14 Role of Investment Management 15 Size of UK industry 16 Scotland as a major centre 18 Scale of wider industry 19 UK investment management in European and Global Context 20 Overseas client market 21 Services to overseas funds 22 Importance to UK service expo

4、rts 232.KEY THEMES IN A MORE UNCERTAIN WORLD 24 1.Navigating a difficult economic environment 25 2.Investing responsibly and sustainably 26 Sizing the market for sustainable and responsible investment 28 Improving disclosure 30 3.Ongoing focus on private markets 31 4.Accelerating pace of operational

5、 modernisation 34 5.Opportunities for growth 36 6.Enhancing diversity&inclusion across the sector 393.TRENDS IN CLIENT ASSETS AND ALLOCATION 40 Client types 41 Segregated vs.pooled 42 Trends in asset allocation 43 Detailed asset allocation 44 Equities by region 44 Fixed income assets by region 44 In

6、vestment in UK infrastructure 45 Growth of indexing strategies 47THE INVESTMENT ASSOCIATION44.UK INSTITUTIONAL MARKET 50 Market overview 51 Client breakdown 51 Evolution of pension market 52 Sizing the market 53 Trends in the third party institutional market 55 Mandate breakdown 56 Investment trends