In this piece, we will take a look at the five biggest mutual fund companies in the world. For more mutual fund companies and operators, head on over to the 15 Biggest Mutual Fund Companies in the World.
5. State Street Corporation (NYSE:STT)
Fund Assets: $870 billion
State Street Corporation (NYSE:STT) is a financial services company that is one of the oldest in the world since it was set up in 1792. The firm primarily provides financial services to institutional investors and is headquartered in Boston, Massachusetts.
Insider Monkey took a look at 943 hedge fund portfolios for last year’s fourth quarter and found out that 40 had held a stake in State Street Corporation (NYSE:STT). Out of these, Natixis Global Asset Management’s Harris Associates is the firm’s largest shareholder through a $436 million stake that comes via 5.6 million shares.
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4. Capital Group
Fund Assets: $2 trillion
Capital Group is one of the oldest and largest financial services firms in the world. It was set up in 1931 and is headquartered in Los Angeles, California. The firm has a unique management approach through which multiple managers manage its mutual funds, and it engages in the mutual fund business primarily through its subsidiary, American Funds.
3. Fidelity Investments
Fund Assets: $2.2 trillion
Fidelity Investments is one of the largest asset managers in the world, with a whopping $3.9 trillion in assets under management as of December 2022. The firm is headquartered in Boston, Massachusetts, and it was set up in 1946. Fidelity was also one of the first U.S. firms to sell mutual funds directly to consumers, and it has three mutual fund divisions. Some of its funds have more than $100 billion in assets, and the company also has its own global investment arm.
2. BlackRock, Inc. (NYSE:BLK)
Fund Assets: $2.3 trillion
BlackRock, Inc. (NYSE:BLK) is an American firm that is headquartered in New York, New York. It is one of the largest investment companies in the world, with $8.59 trillion in assets under management as of December 2022.
By the end of last year’s fourth quarter, 49 of the 943 hedge funds surveyed by Insider Monkey had held a stake in BlackRock, Inc. (NYSE:BLK). The firm’s largest hedge fund shareholder is Ken Fisher’s Fisher Asset Management which owns 1.7 million shares that are worth $1.2 billion.
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1. The Vanguard Group, Inc.
Fund Assets: $6.1 trillion
The Vanguard Group, Inc. is another American behemoth of a firm that had $8.1 trillion in assets under management as of 2022 end. The firm was set up in 1975 and is headquartered in Malvern, Pennsylvania. It is credited to having created one of the first passive stock market investment funds in the U.S. market and offers a variety of different mutual funds for investment.
Disclosure: None. You can also take a look at 10 Hot Growth Stocks To Buy Now and 10 Best Stocks to Buy for High Returns.
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