Home Business NewsFinance News World’s biggest fund managers look after $68 trillion

World’s biggest fund managers look after $68 trillion

by
12th Nov 13 10:34 am

The 500 largest fund managers in the world look after some $68.3 trillion of assets – that’s $68,300,000,000,000.

And that amount grew 8% throughout 2012 – although it’s still not as high as the $69.4 trillion peak of 2007, according to the Pensions & Investments/Towers Watson World 500 study.

But that $68.3 trillion is almost double the amount of assets that were under management in 2002.

BlackRock is the world’s biggest fund manager, as at the end of 2012, with total assets under management worth some $3.8 trillion.

Allianz Group is the second largest. It has $2.4 trillion under management.

“The year 2012 was less volatile, and combined with market rises, it is no surprise that most large investment managers gained assets,” said Craig Baker, global head of research at Towers Watson Investment.

“Looking back over a longer period reminds us how dramatically the asset management industry has grown, virtually doubling in terms of asset size in the past decade.

“While this is informative, the real question to ask is how much value it has contributed to investors and end beneficiaries, and broader society, versus how many assets it has just gathered for itself during this time.”

Follow me @LondonlovesBiz and @sophiehobson. Try our free newsletter

 

NOW READ THIS: Check out these mind-blowing graphics showing how rich different countries are getting

 

Get your business and talent recognised – enter the London Loves Talent Awards by 6 December

Judged by Tim Campbell, Will King, Terry Morgan CBE, Amit Bhatia, Matthew Hancock MP, June Sarpong & more

London Loves Talent Awards promo box for articles

Leave a Comment

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]