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Laxman Pai, Opalesque Asia: Total assets under management of the world's largest 500 managers grew 15.6% to US$ 93.8 trillion in 2017, according to a report from the Thinking Ahead Institute.
According to the report, the concentration of assets managed by the 20 largest managers reached the highest level since 2000, and now accounts for over 43% of the top 500 managers' total AuM.
The research shows North America-based managers represent the majority of assets (58.1%), although their share fell slightly in 2017, the first fall since 2008.
The research conducted by Willis Towers Watson's Thinking Ahead Institute in conjunction with Pensions & Investments also said that the European managers represent 31.8% of assets managed (the UK being 7.4%), Japan 4.8% and the rest of the world 5.2%. Assets in each region grew in 2017.
While the majority of total assets (77.6%) are still managed actively, the share of passive assets has grown from 19.5% to 22.4% in the last five years. In 2017 passive assets grew 25%.
BlackRock remains the largest asset manager in the rankings, a position it has held since 2008 and Vanguard and State Street complete the top three for the fourth successive year.
Bob Collie, Head of Research at the Thinking Ahead Institute, noted: "Once again, total assets have increased; the rate of growth in 2017 is the biggest since 2009. The names at the top of the ranking are familiar names. There's greater concentration in the biggest name...................... To view our full article Click here
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