Share of discretionary mandates and investment fund AUM in Europe 2022, by country
The overall European average score showed a 44 to 56 percent split between discretionary mandates and investment fund assets. Not all countries followed this trend. In Romania, almost 98 percent of assets under management were accounted for by investment funds. This was in contrast to Italy, which lay at the other end of the spectrum, as discretionary mandates accounted for the bulk of its total assets.