New Delhi, Oct. 25 -- The global asset management (AUM) industry is expected to witness continued growth through 2030, however, declining management fees could put pressure on revenues, with private markets and artificial intelligence (AI) emerging as key drivers of profitability, according to a report by Morgan Stanley.

The report noted that global asset and wealth management industries entered 2026 at record levels, with assets under management (AUM) reaching USD 159 trillion, up 15 per cent year-on-year.

However, it flagged that strong market performance and currency movements, rather than fresh investment inflows, accounted for over 80 per cent of growth in assets managed by asset managers and nearly two-thirds of growth in wealth m...