Assets managed by the world's largest 500 fund managers fell by around 3% to
The research, conducted in conjunction with Pensions & Investments, a leading US investment newspaper, reveals that, by number, bank-owned asset managers continue to dominate the top 20, although the number of independent managers in the group remained static. There are 11 US-based investment managers in the top 20 managing over 64% of these assets, while eight managers are European-based (33% of assets) and one is Japanese (3% of assets). Overall Japanese managers' assets increased 6% in 2011, while European managers' assets as well as US-based managers' assets declined 7% and 1% respectively.
According to the research, asset managers from developing countries have more than doubled their share of total assets to around 5% during the past ten years. During the same period, assets managed by the top 20 managers have almost doubled to around
Since 2001, passive assets managed by the largest managers have grown by over 12% annually compared to 5% annually for the top 500 managers as a whole, during the same period. In 2011 passive assets, managed by the largest managers, fell by over 1%, the third and smallest fall in passive assets since the research began.
Some of the main gainers by rank in the top 50 (includes through mergers or acquisitions) during the past five years include
Top 20 asset managers ranked by total global AuM –
View table at : (http://www.towerswatson.com/press/8230)
TNS C-PreetiSi97 121031-mv45-4089616
|Copyright:||(c) 2012 Targeted News Service|
|Source:||Targeted News Service|