The World’s 500 Largest Asset Managers – Year end 2013 via Towers Watson

Highlights of this year’s survey of the top 500 asset managers by P&I/Towers Watson, include:

  • Total assets under management of the 500 managers included in the ranking totalled US$ 76.5 trillion at the end of 2013, up 11.8% from the end of 2012.
  • BlackRock, Inc. (NYSE:BLK) is in first position for the fourth consecutive year. Vanguard continued its growth and reached second position, moving Allianz SE (ETR:ALV) (OTCMKTS:AZSEY) down to third in the ranking.
  • Assets under management of North American managers were US$ 41.9 trillion at 2013 year end, an increase of 16.7% from the previous year. The assets managed by European managers also increased by 9.8%, to US$ 26.3 trillion.
  • Japanese managers ended 2013 with US$ 4.6 trillion, a decrease in assets of 5.5% during 2013.
  • The Top 20 managers’ share of the total assets decreased marginally from 41.4% to 41.0%.
  • U.S. managers in the Top 20 managed 66.6% of total AUM for that group, while European managers had a share of 33.4%. No Japanese companies made it to the top 20 this year.
  • Independent managers accounted for the majority of top 20 members (9), the same as the previous year, with banks second with 8 members. Only 3 managers are insurer-owned.
  • Assets under management of managers from developing countries decreased from 3.8% last year to 3.0%.

Asset Managers – Analysis: Section 1: Total value of assets and growth rates

Asset Managers

  • Assets under management of the world’s top 500 managers increased by 12.0% in 2013. This is the first year that the value is above its pre crisis level of 2007.
  • Japanese managers’ assets declined by 5.5% in 2013, while European managers’ assets as well as U.S. managers’ assets increased 9.8% and 17.0% respectively.

Asset Managers

  • The bottom 250 managers increased their proportion of assets at the expense of the top 50 managers’ share of assets

Asset Managers

Section 2: Analysis of the largest 20 asset managers

Asset Managers

  • Top 20 managers’ assets for both regions, Europe and U.S., experienced an increase in assets in 2013.
  • In 2013, there were 12 U.S. managers in the top 20 and the remaining managers were all European.
  • The U.S. based managers accounted for a share of 66.6% of top 20 assets at the end of 2013 (64.2% at the end of 2012).

Asset Managers

Asset Managers

  • At the end of 2013, bank-owned and independent managers accounted for the majority in the top 20, while insurer-owned asset managers were a minority.

See full PDF here.