Top 400 Asset Managers 2017: BlackRock dominates inflows
BlackRock’s market share was 7.7% of global assets at the end of 2016. The firm also recorded the highest inflows during the year, bringing in €192bn – nearly three times that of its nearest rival.
The ranking of global managers is largely unchanged from last year, but Fidelity Investments entered the top 10, reporting €2.13trn of AUM and attaining fourth place, following a year in which it expanded its exchange-traded fund business.
As a result, Amundi and Legal & General Investment Management came 11th and 12th, despite both breaking through the €1trn barrier.
BlackRock also topped the AUM ranking of managers of European institutional assets, with €912bn.
Amundi climbed several places in the ranking to fifth place, reporting an AUM increase of nearly 15% to €309bn. The French asset manager was aided by its strong inflows as well as its acquisition of Pioneer Investments.
Credit Suisse moved up to 10th place, reporting €215bn of assets managed on behalf of European institutional clients. Aberdeen Asset Management fell out of the top five, following a year of outflows. The survey does not reflect the recent merger deals involving Aberdeen and Standard Life Investments, or Janus and Henderson Global Investors.
Leading asset managers ran €63.3trn of assets globally at the end of 2016 the Top 400 Asset Managers survey shows. Global assets grew 12% during 2016, in line with the previous year’s growth rate.
Total assets managed on behalf of European institutional clients reached €8.9trn. European institutional assets grew 2.3% during 2016.
For the full Top 400 Asset Managers Special Report, click here.
For last year’s rankings, click here.