FT: PwC forecasts Africa’s mutual fund industry surpassing $1 trillion by 2020

The Financial Times - Africa’s mutual fund industry should see assets surpass the $1tn milestone by the end of 2020 as rising prosperity boosts demand for pensions and life insurance products, according to PwC, the auditor. But the development of an asset management sector fit for Africa’s needs in the twenty-first century remains a daunting challenge. It warns that poor infrastructure and liquidity in many stock markets could hamper the development of mutual funds across the continent. Click through the following link to read the full article: PwC forecasts Africa’s mutual fund industry surpassing $1 trillion by 2020

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