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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.



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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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