Number of asset management companies in Europe 2022
In 2022, Europe had a total of 4,519 active asset management companies. The largest portion of these companies were registered in the United Kingdom, France, and Germany. Asset management companies typically manage pooled funds. These funds accumulate from the firms' collection of clients. This money is then invested by the asset management company in various securities, allowing for portfolio diversification. These actions are taken with the intention of creating a profit for the firm and its clients and also diminishing the level of risk through diversification. The Allianz Group, headquartered in Munich, Germany, was the highest-ranked non-US entity. At the end of 2023, the assets under management of the Allianz Group amounted to around 2.2 billion euros.
How has AUM in Europe developed over time?
Assets under management (AUM) consist of investment funds managed in Europe as well as discretionary mandates, granted to fund managers by private clients. Between 2018 and 2022, the volume of assets under management in Europe increased by around four trillion euros within the two-year period. This is forecast to reach a base rate of almost 40 trillion euros by 2027. This expansion in volume could be attributed to the increasing popularity of exchange-traded funds (ETFs), which provide cost-effectiveness and portfolio diversification. Furthermore, the economic stability and growth of European markets also contribute to a higher AUM.
Which firms dominate the global asset management industry?
In 2022, the leading global asset management companies by AUM were BlackRock, Vanguard Group and Fidelity Investments. Blackrock had assets under management of nearly 8.6 trillion US dollars during that year, making it the largest asset manager in the world. These industry giants, along with others such as State Street, JPMorgan Chase, and Goldman Sachs, among others, collectively shape the global asset management space through their innovative investment products, solid track record of performance, and strong reputations.
