普华永道：2025年资产与财富管理革命：盈利悖论：价值与利润的艰难权衡研究报告（英文版）

At the same time, value pools are shifting. Passive AUM is projected to rise at a compound annual growth rate (CAGR) of roughly 10% to reach $70 trillion by 2030. Private markets, digital assets, and other alternative investments are opening up to retail investors. The total global pool of investable wealth is set to climb beyond $481 trillion by the end of the decade. North America will remain the dominant market for global AUM, but the Asia-Pacific region is projected to grow fastest, at a