The P&I/Towers Watson global 500 ranking is prepared using joint research by Pensions & Investments and 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 is in first position for the fourth consecutive year. Vanguard continued its growth and reached second position, moving Allianz 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%.