INVESTMENT MANAGEMENT IN THE UK 2021-2022 The Investment Association Annual Survey September 2022  CONTENT ENQUIRIES Sarah Shehabi, investmentassociation.survey@theia CONTRIBUTORS Sarah Shehabi Evan Grace Frenkel Richard Hale Miranda Seath Jonathan Lipkin The Investment Association (IA) Camomile Court, 23 Camomile Street, London, EC3A 7LL theia @InvAssoc September 2022 ? The IA (2022). All rights reserved. No reproduction without permission of the IA. 2  INVESTMENT MANAGEMENT SURVEY 2021-22 | CONTENTS CONTENTS Index of Charts, Figures and Tables About the Survey 5 8 Survey Foreword 10 12 Executive Summary 1. UK INVESTMENT MANAGEMENT INDUSTRY: A GLOBAL CENTRE Role of Investment Management 14 15 16 18 19 20 21 22 23 Size of UK industry Scotland as a major centre Scale of wider industry UK investment management in European and Global Context Overseas client market Services to overseas funds Importance to UK service exports 2. KEY THEMES IN A MORE UNCERTAIN WORLD 1. Navigating a dif?cult economic environment 2. Investing responsibly and sustainably 24 25 26 28 30 31 34 36 39 Sizing the market for sustainable and responsible investment Improving disclosure 3. Ongoing focus on private markets 4. Accelerating pace of operational modernisation 5. Opportunities for growth 6. Enhancing diversity & inclusion across the sector 3. TRENDS IN CLIENT ASSETS AND ALLOCATION Client types 40 41 42 43 44 44 44 45 47 。。。以下略