Global AUM to swell to $102 trillion in 2020 : PwC

Global Assets Under Management (AUM) are set to swell to $102 trillion in 2020 and the tax function would play critical role in determining front-runners in this space going forward, a PwC report says.

According to PwC, the tax function, which is about to undergo a significant change, will be critical in determining those players in the market who will be best positioned to win greater share of business in the next five years.

"In 2020, investors' expectations will include a robust and efficient tax infrastructure. And zero tolerance of tax uncertainty or tax adjustments," the report titled "Asset Management 2020 and beyond" said.