Global Assets Under Management Reach Record $147 Trillion by End of 2025; Japan Grows 13% to $6.4 Trillion: BCG Report

Boston Consulting Group (BCG) has released its 2026 Global Asset Management Report, 'An Imperative for Growth.' By the end of 2025, global AUM reached a record $147 trillion, an 11% increase from 2024. Japan's AUM also rose by 13% to $6.4 trillion. However, net new flows remain at only 2.2% of beginning-of-year AUM, with over 80% of revenue growth attributed to market performance. Since 2010, AUM has tripled, yet profit margins have remained flat at around 30%. Competition is shifting from investment performance to customer access. BCG estimates that firms can reduce costs by 25–35% over the next 3–5 years through AI, while the tokenization of real-world assets is expected to reach $55 trillion by 2035, fundamentally changing the market landscape.