The Dynamic Development of Global Asset Management Industry
By Yong Cao
Routledge – 2015 – 256 pages
Routledge – 2015 – 256 pages
As an integral part of the world financial market, the global asset management industry has played a significant role in almost every critical event and change in the world financial market over the past four decades. Its growth has been facilitated from the financial innovations in products and management technologies from various financial institutions. It is definitely a challenge to comprehend the dynamic linkage between the global asset management industry and the world financial market, institutions and products. This book takes the challenge by providing a systematic and analytical review of the dynamic development of global asset management industry in its market structure, product diversities, risk management technologies and performance.
The book aims at offering researchers, investors and financial practitioners a comprehensive introduction on how the dynamic development of global asset management industry has been integrated with the fast changing world financial market, institutions and products. As wealth or asset management is becoming a popular and specialized subject offered in university financial courses, this book may serve as a key textbook for financial courses in universities.
Part I: Global Asset Management Industry: Structure and Performance 1. The Structure of Global Asset Management Industry 2. The Size and Performance of Global Asset Management Industry Part II: The Business Model of the Global Asset Management Industry 3. The Economics of Asset Management 4. The Classical Global Asset Management Industry 5. The Modern Investment Platforms for Global Asset Management Industry Part III: The Evolvement of Product and Technology Innovations from the Development Milestones 6. Boom in the fixed income market: 1987 – 1990s 7. Asian Financial Crisis and Recovery: 1997-2000 8. Dot-com Bubble and the Crash of World Financial Market: 2001-2003 9. The Era of Easy Credit and Unfettered Capitalism: 2005-2007 10. Great Financial Crisis: 2008-2010 11. The Recovery of Global Market and the Asset Management Industry Part IV. The Catch-up of Emerging Asia Asset Management Market 12. The Strong Growth of Asia economy and Asset Management Industry 13. China: The Golden Mine of Global Asset Management Industry 14. Hong Kong: Bridging the China Market to the Rest of the World 15. Singapore: Accelerating AUM Growth for A New Global Asset Management Hub Concluding Remark: The Shifting Landscape of Global Asset Management Industry
Cao Yong has worked with the Chinese Academy of Social Sciences, the Business School of Nanyang Technological University and the Business School of Nanjing University as research fellow and professors in economics and finance over more than 30 years. He has also served as directors in asset management companies in Singapore and China. He has published numerous research papers in referred international journals and books in finance and economics.