Asia mutual fund assets to hit $1.9 trillion by 2017

Research house Cerulli Associates has forecast a 67% rise in mutual fund assets under management across Asia ex-Japan to $1.9 trillion by 2017, equating to average annual growth of around 13%. It comes after a stark revival in fortunes for the industry, with Cerulli data showing that the region’s mutual fund AUM grew 20% last year to $1.14 trillion, a record high. That was a sharp reversal of a declining trend from $1.05 trillion in 2009 to $942 billion in 2011. Ken Yap, Singapo…