Mike Barrett: The seven-year fund itch

The latest Annual Asset Management Survey from the Investment Association (IA) is, as usual, a treasure trove of interesting analysis and market trends. For starters, total assets under management for the trade body's members is now an eye-watering £5.7 trillion - that's 12 zeros don't you know. Assets managed in UK authorised funds rose 4% over the last year - to £872bn. Taking into account outsourcing activities, more than 90,000 people work in asset management so it is clear the industry supports a significant number of jobs in all regions of the UK. Within the UK fund market, net ...