英国投资协会（IA）：2022-2023年英国投资管理调查报告（英文版）（124页）.pdf

1、INVESTMENT MANAGEMENT IN THE UK 2022-2023The Investment Association Annual SurveyOctober 20232CONTENT ENQUIRIESinvestmentassociation.surveytheia.org CONTRIBUTORSEvan Grace FrenkelJonathan LipkinRichard HaleSarah ShehabiThe Investment Association(IA)Camomile Court,23 Camomile Street,London,EC3A 7LL w

2、ww.theia.orgInvAssocOctober 2023 The IA(2023).All rights reserved.No reproduction without permission of the IA.3CONTENTSIndex of Charts,Figures and Tables 5About the Survey 8Survey Foreword 10Executive Summary 121.UK INVESTMENT MANAGEMENT INDUSTRY:A GLOBAL CENTRE 14 Role of Investment Management 16

3、Industry size and scale 17 The UK in Global Context 23 Maintaining industry competitiveness 282.THREE KEY THEMES THAT WILL SHAPE THE UK INDUSTRY 34 Accelerating technological advance 36 Evolution of responsible and sustainable investment 40 Cultural shifts and the importance of the EDI process 433.T

4、RENDS IN CLIENT ASSETS AND ALLOCATION 46 Client types 48 Trends in asset allocation 50 Segregated vs.pooled 53 Indexing strategies 53 Investment in the UK economy 56 Ongoing focus on liquidity management 584.UK INSTITUTIONAL MARKET 60 Market overview 61 Evolution of the UK pensions market 62 Trends

5、in the third party institutional market 65 INVESTMENT MANAGEMENT SURVEY 2022-23|CONTENTSTHE INVESTMENT ASSOCIATION45.UK RETAIL MARKET 74 UK investor funds under management 76 Responsible Investment funds 79 Increasing importance of indexing funds 81 Asset allocation 83 Funds of funds 89 Distribution

6、 channels 90 Holding period 90 The UK in the context of the European funds market 916.OPERATIONAL AND STRUCTURAL EVOLUTION 93 Industry profitability Revenue and costs 94 Employment in the Investment Management Industry 95 Industry firm size 99 Investment manager ownership 103APPENDICES 1.Summary of