An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more diversification, liquidity, and professional management consulting service than is normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an asset management company is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities. A study by consulting firm Casey Quirk, which is owned by Deloitte, found that asset management firms ended 2020 with record highs in both revenue and assets under management.[1]
Largest companies
editThe following is a list of the top 20 asset managers in the world (as of March 31, 2024), ranked by total assets under management:[2]
| Rank | Firm/company | Country | Assets Under Management (billion USD) |
|---|---|---|---|
| 1 | BlackRock | United States | 10,473 |
| 2 | Vanguard Group | United States | 9,300 |
| 3 | Fidelity Investments | United States | 5,303 |
| 4 | State Street Global Advisors | United States | 4,340 |
| 5 | Morgan Stanley | United States | 3,629 |
| 6 | JPMorgan Chase | United States | 3,564 |
| 7 | Crédit Agricole (which includes Amundi) | France | 2,858 |
| 8 | Goldman Sachs | United States | 2,848 |
| 9 | UBS | Switzerland | 2,620 |
| 10 | Capital Group | United States | 2,600 |
| 11 | Allianz (which includes PIMCO and Allianz Global Investors) | Germany | 2,479 |
| 12 | BNY | United States | 2,015 |
| 13 | Bank of America | United States | 1,730 |
| 14 | Deutsche Bank | Germany | 1,670 |
| 15 | Invesco | United States | 1,663 |
| 16 | Franklin Templeton | United States | 1,604 |
| 17 | Legal & General | United Kingdom | 1,512 |
| 18 | Northern Trust Corporation | United States | 1,501 |
| 19 | Prudential Financial | United States | 1,496 |
| 20 | T. Rowe Price | United States | 1,485 |
Asset management firms worldwide
editAfrica and Middle East
edit- Allan Gray
- Clarity Capital
- Coronation Fund Managers
- EFG Hermes
- eToro
- First City Monument Bank
- Heirs Holdings
- Investcorp
- Kingdom Holding Company
- National Social Security Fund (Uganda)
- NBK Capital
- Ninety One ltd
- Old Mutual
- Public Investment Corporation
- Sanlam
- STANLIB
- UAP Old Mutual Holdings
- Stanbic IBTC Holdings
Americas
edit- Acadian Asset Management
- AdvisorShares
- Affiliated Managers Group
- AllianceBernstein
- Allspring Global Investments
- American Century Investments
- Ameriprise Financial
- Aristotle Capital Management
- Arrowstreet Capital
- AQR Capital
- Barings LLC
- BlackRock
- Bradesco
- Blackstone
- BNY Investments
- Boston Partners
- Bridgewater Associates
- Brookfield Asset Management
- Brown Advisory
- BTG Pactual
- Calamos Investments
- Cambridge Associates
- Cambridge Investment Research
- Capital Group Companies
- Charles Schwab Corporation
- CI Financial
- Cohen & Steers
- Columbia Threadneedle Investments
- Conning
- Connor, Clark & Lunn
- Dimensional Fund Advisors
- Dodge & Cox
- DoubleLine Capital
- Dreyfus Corporation
- Eaton Vance
- Edward Jones Investments
- Federated Hermes
- Fidelity Investments
- First Trust
- Fisher Investments
- Franklin Templeton Investments
- GAMCO Investors
- Geode Capital Management
- Gluskin Sheff
- GMO LLC
- GQG Partners
- Guardian Capital Group
- Harbert Management Corporation
- Harris Associates
- Hartford
- Income Research + Management
- Invesco
- Itaú Unibanco
- J. & W. Seligman & Co.
- Janus Capital Group
- Knight Vinke Asset Management
- Legg Mason
- Loomis, Sayles & Company
- Lord Abbett
- LSV Asset Management
- Mackenzie Investments
- Manulife Investment Management
- Mawer Investment Management
- Merrill
- MFS Investment Management
- Neuberger Berman
- NISA Investment Advisors
- Northern Trust
- Nuveen Investments
- Oaktree Capital Management
- Orbis Investment Management
- Payden & Rygel
- PGIM
- PIMCO
- PineBridge Investments
- Polen Capital
- Power Financial
- PRIMECAP
- Principal Financial Group
- PSP Investments
- Putnam Investments
- Pzena Investment Management
- Raymond James
- RhumbLine Advisers
- RLJ Companies
- Ruane, Cunniff & Goldfarb
- Russell Investments
- SEI Investments Company
- State Street Global Advisors
- Sun Life Financial
- T. Rowe Price
- TCW Group
- TIAA
- Tsai Capital
- VanEck
- The Vanguard Group
- Victory Capital
- Virtus Investment Partners
- Voya Financial
- Waddell & Reed
- Wellington Management Company
- Wilshire Associates
- WisdomTree Investments
- XP Inc.
Asia-Pacific
edit- Affin Hwang Capital
- AMP Capital
- Artradis
- Asset Management One
- Australian Ethical Investment
- BetaShares
- Bosera Asset Management
- BT
- Capital Dynamics
- Challenger
- China Asset Management
- China Southern Asset Management
- Colonial First State
- E Fund Management
- Eastspring Investments
- First Sentier Investors
- Fullgoal Fund Management
- Harvest Fund Management
- ICBC Credit Suisse Asset Management
- IFM Investors
- Investors Mutual Limited
- Macquarie Asset Management
- Magellan Financial Group
- Mirae Asset Financial Group
- Mitsubishi UFJ Trust and Banking Corporation
- Penghua Fund Management
- Perpetual Limited
- Pinnacle Investment Management
- Platinum Asset Management
- Plenary Group
- Samsung Asset Management
- Shinhan Asset Management
- SPARX Group
- Sumitomo Mitsui Trust Holdings
- Tianhong Asset Management
- Value Partners
- Zhong Ou Asset Management
Europe
edit- Abrdn
- Aegon N.V.
- Alliance Trust
- Allianz Global Investors
- Amundi
- Anima Holding
- APG
- Ashmore Group
- Aviva Investors
- AXA Investment Managers
- Azimut Holding
- Baillie Gifford
- Barclays
- Bluebay Asset Management
- BNP Paribas Asset Management
- Brewin Dolphin
- Candriam Investors Group
- Capital Fund Management
- The Children's Mutual
- Cork Gully
- DekaBank
- DWS Group
- Edinburgh Partners
- Eurizon Capital
- F&C Asset Management
- Fidelity International
- Genevalor Benbassat & Cie
- Generali Investments
- Generation Investment Management
- Henderson Group
- Henderson New Star
- HSBC
- Insight Investment
- Invesco Perpetual
- Intelligent Money
- Janus Henderson
- Jupiter Fund Management
- Van Lanschot Kempen
- La Française Group
- Legal & General
- LGT Group
- Lindsell Train
- Liongate Capital Management
- M&G Investments
- Mercury Asset Management
- Mirabaud Group
- Swiss Life
- Newton Investment Management
- NN Investment Partners
- Octopus Group
- Quilter plc
- Rathbones
- Record Currency Management
- Lombard Odier
- Robeco
- Royal London Asset Management
- Schroders
- Scottish Mortgage Investment Trust
- Scottish Widows
- Skagen Funds
- Stodir
- Superfund Group
- Tilney Ltd.
- UBS
- Union Investment
References
edit- ^ Segal, Julie (March 2, 2021). "Asset Managers Ended 2020 With Record Revenues". Institutional Investor. Retrieved March 3, 2021.
- ^ "World's Top Asset Management Firms". www.advratings.com. Retrieved 31 December 2024.