Largest asset managers shed $18trn AUM in 'first significant drop' since Global Financial Crisis
The world's 500 largest asset managers’ total assets in 2022 amounted to $113.7trn, compared to $131.7trn in the previous year.
The world's 500 largest asset managers' total assets in 2022 amounted to $113.7trn, compared to $131.7trn in the previous year.
This drop was the first significant fall in assets managed since the Global Financial Crisis in 2008.
North American asset managers saw a 14.2% decrease, while European based managers suffered an above-average 16.8% decrease.
Less than 4% of funds deliver consistent top quartile returns over three years
Japanese managers fared better than average, with a 5.5% decrease in assets.
The research also revealed an increase in investment in passively managed funds, which amounted to 34.7% of the total, up 4 percentage points from 2021.
Bond and equities allocation dipped significantly for the first time in a decade, down 2.4 percentage points from its «very stable» 79-80% share, according to the report.
This fall in the two 'classic' sectors led to the weightings of alternative investments increasing to 7.1% of assets managed.
UK investment management industry remains international leader despite fall in AUM
Additionally, the slight step away from bonds and equities impacted the degree of consolidation within the top 20 managers, with their share of total assets decreasing from 45.2% in 2021 to 44.2% in 2022. Their total assets under management decreased year-on-year to $50.3trn.
BlackRock remained the world's largest asset manager, despite seeing a drop in assets from just over $10trn to $8.6trn.
The Vanguard Group had $7.3trn in assets and maintained its lead against Fidelity Investments and State Street Global — ranked third and fourth respectively — which each saw
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