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$ 78.1 trillion at the end of 2014, up 2.1% from the end of 2013.
  • BlackRock has retained its position as the largest asset manager in the ranking for the past 5 years. Vanguard remains in second position while State Street has moved up the ranking by 1 position, displacing Allianz which has fallen from third to fourth position.
  • Assets under management for North American firms were US$ 44.5 trillion at the end of 2014, an increase of 5.8% from the previous year. Assets managed by European managers decreased by 1.5%, to US$ 25.9 trillion, despite growth of 18.6% from UK-based firms taking their assets to US$ 6.8 trillion.
  • Japanese managers ended 2014 with US$ 3.9 trillion, a decrease in assets of 14.4% during 2014.
  • The top 20 managers’ share of the total assets increased marginally from 41.0% to 41.6%, having assets of US$32.5 trillion. Similarly the bottom 250 managers’ share of total assets increased from 5.7% to 6.0%, having assets of US$ 4.7 trillion.