Investment pros handle some pretty impressive numbers. Adding everything up—mutual funds, hedge funds, private equity, and other types of managed funds, investment management firms in the United States and Canada had $42 trillion in assets under management in 2019 (up from $33 trillion in assets under management in 2016), according to Statista.com. Despite a recent economic downturn caused by the effects of the COVID-19 pandemic, fund managers are generally confident they can weather the storms, projected or as yet unforeseen, that will potentially hit the financial markets over the next several years.
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