In this article we are going to list the 10 largest investment companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 largest investment companies in the world.
10. Goldman Sachs Asset Management (NYSE:GS)
Total assets under management in 2019 (in millions of euros): 1,500,000
Total assets under management in 2018 (in millions of euros): 1,165,429
The asset management arm of one of the biggest banks in the world is of course going to have a huge portfolio, and the asset management arm actually contributes nearly a fifth of the total revenue of the bank, which isn’t bad at all.
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9. Amundi
Total assets under management in 2019 (in millions of euros): 1,653,391
Total assets under management in 2018 (in millions of euros): 1,425,064
The largest investment company in Europe is also one of the largest investment companies in the world and has a presence in several countries across the world and has more than 100 million direct or indirect individual clients.
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8. PIMCO
Total assets under management in 2019 (in millions of euros): 1,706,667
Total assets under management in 2018 (in millions of euros): 1,451,684
Founded 49 years ago in 1971, PIMCO has more than 2,900 employees and has 17 offices across the world, with a presence in Asia, Europe and the Americas.
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7. BNY Mellon Investment Management (NYSE:BK)
Total assets under management in 2019 (in millions of euros): 1,709,451
Total assets under management in 2018 (in millions of euros): 1,498,208
Formed by the merger of The Bank of New York and the Mellon Financial Corporation, the company through its predecessor is actually by far one of the oldest banks in the United States.
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6. J.P. Morgan Asset Management (NYSE:JPM)
Total assets under management in 2019 (in millions of euros): 1,804,720
Total assets under management in 2018 (in millions of euros): 1,485,998
The investment arm of JP Morgan Chase, one of the Big Four banks in the United States, has more than $1.8 trillion in assets under management.
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5. Capital Group
Total assets under management in 2019 (in millions of euros): 1,832,509
Total assets under management in 2018 (in millions of euros): 1,467,318
Founded 89 years ago in 1931, Capital Group is headquartered in California, US and has offices in multiple continents across the world including Australia, Asia, Europe and the Americas of course. It has more than 7,500 employees.
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4. State Street Global Advisors
Total assets under management in 2019 (in millions of euros): 2,776,322
Total assets under management in 2018 (in millions of euros): 2,196,822
Considered one of the banks which are too big to fail by the Financial Stability Board, State Street is one of the biggest companies in the US, and is actually the second oldest continually operating bank in the US as it was founded 228 years ago i 1798. It had revenues of close to $12 billion in 2019.
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3. Fidelity Investments
Total assets under management in 2019 (in millions of euros): 2,852,410
Total assets under management in 2018 (in millions of euros): 2,096,550
Fidelity Investments has managed to take the third spot finally from State Street, which occupied this position for a long time. By mid June 2020, the AuM had increased to more than $3.3 trillion and a combined total customer asset value exceeding $8.3 trillion. The company is privately held and was founded 74 years in 1946.
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2. Vanguard Asset Management
Total assets under management in 2019 (in millions of euros): 5,624,520
Total assets under management in 2018 (in millions of euros): 4,257,211
Vanguard is a privately held company, which is unique for a company of its size, and is the largest provider of mutual funds in the entire world, and is the second largest provider of exchange traded funds in the world as well. The company saw its assets under management portfolio rise by more than 32% and is considered to be one of the Big Three index funds in US which dominate corporate America.
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1. BlackRock (NYSE:BLK)
Total assets under management in 2019 (in millions of euros): 6,704,235
Total assets under management in 2018 (in millions of euros): 5,251,217
Registering a growth of almost 28%, BlackRock tops the list the 10 largest investment companies in the world, with more than 1 trillion euros in assets under management when compared to second place Vanguard Asset Management. The company was founded in 1988 and at the end of Q4 2020, has crossed more than $7.81 trillion in assets under management. It has earned revenue of more than $14.5 billion in 2019 and had an income of around $4.5 billion. The company employs over 16,ooo people and due to its sheer size and influence, is called as the biggest shadow bank in the world. It has clients in more than 100 countries and has 70 offices in around 30 countries. It is now aiming to make its investments more sustainable, and to this effect, has announced that it will be divesting from thermal coal.
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