List of Global Top 50 Fund Management Firms 2016
In 2016, the global top 50 Fund Management firms have a combined asset of $53.58 trillion AUM. Caproasia Intel review the list of Global Top 50 Fund Management firms:
No. 1 Which is the Largest Fund Management Firm?
The largest Fund Management Firm is BlackRock with a total AUM of $4.73 Trillion. It was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein and Keith Anderson.
No. 2 Which is the Oldest Fund Management Firm on the List?
BNY Mellon in 1784. The Bank of New Mellon Corporation was a merger between The Bank of New York and Mellon Financial Corporation. The Bank of New York was founded in 1784 on the 9th of June, by American Founding Father Alexander Hamilton.
No. 3 Which is the Best Era to Set Up a Fund Management Firm?
Between 1950 to 1999. 8 Firms on this list of 50 have a total AUM of $14.5 trillion or 27.2% of the total AUM of $53.58 trillion. In fact, no Fund Management firm on the list was set up between 1950 – 1970.
5 of the 8 firms have more than $1 Trillion AUM. Incidentally, all originated from United States.
Company | Country of Origin | Founded | AUM ( US$ Billion) |
PIMCO | United States | 1971 | 1,500 |
Prudential Financial | United States | 1974 | 1,218 |
Vanguard | United States | 1975 | 3,371 |
State Street Global | United States | 1983 | 2,296 |
Blackrock, Inc | United States | 1988 | 4,437 |
- Between 1784 – 1899, there are 25 firms today managing $21.08 trillion AUM or 39.35%
- Between 1900 – 1949, there are 10 firms today managing $10.87 trillion AUM or 20.3%
- Between 1950 – 1999, there are 8 firms today managing $14.57 trillion AUM or 27.2%
- Between 2000 – 2010 there are 7 firms today managing $7.03 trillion AUM or 13.13%
- Combined, the total AUM of the 50 Fund Management Firm is $53.58 trillion.
No. 4 Which Country has the Most Fund Management Firms?
United States. The country has 26 Fund Management Firms on the 2016 listing with a total AUM of $32.98 Trillion or 61.55% of the top 50 AUM of $53.58 Trillion.
Next on the list is United Kingdom with 7 firms with a total AUM of $4.05 Trillion. The only Asian country on the list is Japan with 2 firms with a total AUM of $1.30 Trillion.
No. 5 What is the Average AUM?
The average AUM is $1.01 Trillion per Fund Management Firm while the median (50th Percentile) AUM is $818.85 billion.
All Global Top 50 Fund Management Firms 2016:
Rank | Company | Country of Origin | Founded | AUM (US$ Billion) |
1 | BlackRock, Inc | United States | 1988 | 4,737 |
2 | Vanguard | United States | 1975 | 3,371 |
3 | UBS Global Asset Management | Switzerland | 2002 | 2,713 |
4 | State Street Global Advisers | United States | 1978 | 2,296 |
5 | Fidelity Investments | United States | 1946 | 2110 |
6 | Allianz Asset Management | Germany | 1890 | 1,984 |
7 | J.P. Morgan Asset Management | United States | 1871 | 1,676 |
8 | BNY Mellon | United States | 1784 | 1,639 |
9 | PIMCO ( Pacific Investment Management Company) | United States | 1971 | 1,500 |
10 | Capital Group | United States | 1931 | 1,390 |
11 | AXA Group | France | 1817 | 1,264 |
12 | Credit Suisse | Switzerland | 1856 | 1,224 |
13 | Prudential Financial | United States | 1974 | 1,218 |
14 | Deutsche Asset & Wealth Management | Germany | 1919 | 1,203 |
15 | Morgan Stanley | United States | 1935 | 1,192 |
16 | Amundi | France | 2010 | 1,119 |
17 | Goldman Sachs | United States | 1869 | 1,110 |
18 | Legal & General Investment Management | United Kingdom | 1836 | 1,106 |
19 | BNP Paribas | France | 1848 | 1,069 |
20 | Wellington Management Company | United States | 1928 | 943 |
21 | Northern Trust | United States | 1819 | 900 |
22 | Bank of America | United States | 1904 | 890.7 |
23 | Natixis Global Asset Management | France | 2007 | 884.9 |
24 | TIAA Global Asset Management | United States | 1918 | 854 |
25 | Invesco Ltd | United States | 1935 | 783.7 |
26 | T.Rowe Price | United States | 1937 | 764.6 |
27 | Franklin Resources ( Franklin Templeton Investments) | United States | 1947 | 747.1 |
28 | Prudential PLC | United Kingdom | 1848 | 731.6 |
29 | Legg Mason, Inc | United States | 1899 | 707.1 |
30 | Sumitomo Mitsui Trust Group | Japan | 2002 | 681.7 |
31 | Sun Life Financial | Canada | 1865 | 663.1 |
32 | Wells Fargo Asset Management | United States | 1852 | 653.4 |
33 | Manulife Financial | Canada | 1887 | 642.3 |
34 | Mass Mutual | United States | 1861 | 642 |
35 | Affiliated Managers Group | United States | 1993 | 642 |
36 | Ameriprise Financial | United States | 1894 | 623.6 |
37 | Mitsubishi UFJ Financial Group | Japan | 2005 | 621 |
38 | BNP Paribas Investment Partners | France | 2007 | 590.5 |
39 | Generali Group | Italy | 1831 | 588.3 |
40 | Principal Financial | United States | 1879 | 547.7 |
41 | Metlife | United States | 1868 | 530.8 |
42 | New York Life | United States | 1845 | 512 |
43 | Great West Lifeco | Canada | 1891 | 484.1 |
44 | Old Mutual | United Kingdom | 1845 | 471.3 |
45 | Schroders | United Kingdom | 1804 | 467 |
46 | Aviva Investors | United Kingdom | 2000 | 429.6 |
47 | Royal Bank of Canada | Canada | 1864 | 428.2 |
48 | HSBC Global Asset Management | United Kingdom | 1865 | 424.1 |
49 | Aberdeen Asset Management | United Kingdom | 1983 | 420.9 |
50 | Aegon Asset Management | Netherlands | 1983 | 390 |
Source: Caproasia Institute
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