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10 World’s Biggest Investment Management Companies in 2023
10 World’s Biggest Investment Management
Companies in 2023– There are 10 World’s Biggest Investment Management
Companies 2023. This data is obtained from the annual reports and the other
source from the official websites of companies. An investment company
is a company that collects funds from individual investors and invests these
funds in several types of securities or other asset instruments.
.jpg "The 12 World's Largest Investment Management Companies in 2023")
Overall, these investment companies have trillion managed assets from their customers all over the world. They have some investment products and market them to the customer. Some of their products are Stock, Bonds, Mutual Funds and ETFs, Insurance Products such as variable Annuities. With professional and leading investment teams, they strive to manage the assets of their customers.
In this article, this company is ranked by Assets Under Management
(AUM). Basically, Assets under management (AUM) are the total market value
obtained when investors entrust all their investments to investment managers.
Each company has a different definition and formula for calculating AUM.
The Rank of 12 World’s Biggest Investment Management Companies
|
Rank |
Name of Companies |
Total Assets Under Management (AUM) in 2023 |
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1 |
BlackRock |
USD 10.0 trillion |
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2 |
Vanguard Group |
USD 9.3 trillion |
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UBS Group |
USD 5.7 trillion |
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3 |
Fidelity Investments |
USD 4.9 Trillion |
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4 |
State Street Global Advisors |
USD 4.3 trillion |
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7 |
JP Morgan Asset Management |
USD 3.4 trillion |
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8 |
Capital Group |
USD 2.7 trillion |
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6 |
Goldman Sachs |
USD 2.6 trillion |
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9 |
Allianz Group |
EUR 2.2 trillion/ USD 2.4
trillion |
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10 |
Crédit Agricole |
EUR 2.1 trillion / USD 2.3
trillion |
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11 |
BNY Mellon Investment Management |
USD 2 trillion |
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12 |
PIMCO |
USD 2.01 trillion |
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Source:
Annual report, 2023 |
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Currency
Rate: 1 Euro (EUR)= 1.10 US Dollar (USD) |
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As added data, we also give information about the assets,
liabilities, revenue, and income of some companies. We showed the public
investment companies and private investment companies cannot be shown because
of limited access to financial information. Of course, the financial
information of public investment companies was obtained from the Balance Sheet
and Income Statements of the Annual Report in 2023.
The Financial Conditions of 10 World’s Biggest
Investment Management Companies in 2023
|
Name of Company |
Total Assets |
Total Liabilities |
|
BlackRock |
USD 123 billion |
USD 81 billion |
|
Vanguard Group |
USD 2.6 billion |
USD 2.2 billion |
|
State Street Global Advisors |
USD 297 billion |
USD 273 billion |
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JPMorgan Chase |
USD 3.8 trillion |
USD 3.5 trillion |
|
BNY Mellon Investment Management |
USD 409 billion |
USD 368 billion |
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Goldman Sachs |
USD 1.6 trillion |
USD 1.5 trillion |
|
UBS Group |
USD 1.7 trillion |
USD 1.6 trillion |
|
Crédit Agricole |
EUR 2.3 trillion/ USD 2.5
trillion |
EUR 2.1 trillion/ USD 2.5
trillion |
|
Allianz Group |
EUR 983 billion/ USD 1.09
trillion |
EUR 919 billion/ 1.02 trillion |
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Source: Annual Report, 2023 |
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Currency Rate : 1 Euro = 1.10 US Dollar (USD) |
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The Financial Performance of 10 World’s Biggest Investment Management Companies in 2023
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Name of Companies |
Revenue |
Net Income |
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BlackRock |
USD 17.6
billion |
USD 5.5
billion |
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Fidelity Investments |
USD 28.2 Billion |
USD 8.2 Billion |
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State Street Corporation |
USD 11.9 billion |
USD 1.8 Billion |
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JPMorgan Chase |
USD 158
billion |
USD 48 billion |
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BNY Mellon Investment Management |
USD 17.5 billion |
USD 3.2 billion |
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Crédit Agricole |
EUR 6.7 billion/ USD 7.3 billion |
EUR 1.9 billion/ USD 2.0 billion |
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Goldman Sachs |
USD 48.6 billion |
USD 7.9 billion |
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UBS Group |
USD 40.8 billion |
USD 27.8 billion |
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Allianz Group |
EUR 91.2 billion/ USD 100 billion |
EUR 9 billion/ 9.9 billion |
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Source: Annual Report, 2023 |
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Currency Rate: 1 Euro = 1.10 US Dollar (USD) |
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Brief Description of 10 World’s Biggest
Investment Management Companies in 2023
1.BlackRock
BlackRock, Inc. is one of the biggest investment management
companies based in New York City. In 2023, this company has assets under
management (AUM) of around USD 10.3 trillion. Historically, BlackRock was
founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick,
Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson. One of the
founders, Larry Fink, still became the CEO of this company. Along with the development of
this company, Black has clients spread in more than one hundred countries and
150,000 wealth management professionals. Operationally, BlackRock has invested
in over 270 wind and solar infrastructure projects around the world and These
investments have supported 20,000 jobs. Based on financial conditions in 2023,
BlackRock has total assets reaching USD 123 billion and successfully gained
positive conditions with total revenue reaching USD 17.6 billion and net income
of USD 5.5 billion.
2. Vanguard
Group
The Vanguard Group, Inc. is an American-based investment company.
It was founded by the outstanding investor i.e., Jack Bogle on May 1, 1975.
Jock Bogle is famous for Index Fund products. As of business development in 2023,
Vanguard Group has total assets of USD 2.6 billion with employees of the
company are about 17,300 in the United States and abroad. In 2023, the total of
assets under management (AUM) of the vanguard group reached USD 9.3 trillion. Operationally,
this company has a primary office in Malvern, Pennsylvania, United States.
Vanguard Group has thirty million investors spread across 170 countries.
3. Fidelity Investments
Fidelity Investments Inc., commonly known as Fidelity, is one of
the biggest financial service companies based in Boston, Massachusetts, U.S.
Historically, Edward Johnson founded this company. Along with business
development, Fidelity Investments successfully gained revenue reaching USD 28.2
billion with net income reaching USD 8.2 billion. In 2023, Fidelity’s assets
under management reach USD 4.9 trillion. Along with the development of the
company’s business, Fidelity has managed employee benefit programs for over
22,000 businesses, supporting
more than 13,500 financial institutions and forty million individual investors.
4. State Street Global
Advisors
State Street Global Advisors (SSGA) is the investment management
division of State Street Bank and Trust Company. In 2023, State Street’s assets
under management reached USD 4.3 trillion. Historically, this company was
founded in 1978 and has a primary office in Boston, Massachusetts, United
States. As a financial institution, this company has
diversified products, namely Asset management, Mutual
fund, Exchange-traded fund, Equity, and Fixed Income. Along with the
development of the company’s business, as of December 31, 2023, on a joint basis, State Street had total assets of $ 297 billion,
gained revenue of USD 11.9 billion with net income of USD 1.8 billion. Furthermore, State Street has employed
39,000 people. Operationally, this company has run in
more than 100 geographic markets worldwide, including the U.S., Canada, Europe,
the Middle East, and Asia.
5. J.P. Morgan Asset
Management
J.P. Morgan Asset Management, a financial holding company
incorporated under Delaware law in 1968, is a leading financial services firm
based in New York City, United States of America (U.S.A). This is a part of the
business division
of JP Morgan Chase & Co. As for business development, J.P. Morgan Chase has employed more than 300 thousand
people. Financially, J.P. Morgan Chase had $ 3.8 trillion in total assets and $
3.5 trillion in liabilities as of December 31, 2023. Overall, in 2023, the
revenue of J.P. Morgan Chase is USD 158
billion with net income of around USD 48 billion. Furthermore, based on the
business performance in 2023, J.P. Morgan Asset Management maintained assets under management (AUM) reaching 3.4 trillion US Dollar.
6. Capital Group
Capital Group is an American financial corporation that was
founded in Los Angeles, California in 1931 by Jonathan Bell Lovelace. It is
privately held and has offices around the globe in the Americas, Asia,
Australia, and Europe. Along with the development of the company’s business,
Capital group has 7,500 employees. In 2023, Capital Group assets under management (AUM) reached 2.7 trillion US dollars.
7.
PIMCO
PIMCO (Pacific Investment Management Company, LLC) was founded in 1971 by Bill Gross,
Jim Muzzy, and Bill Policy. Commonly, PIMCO manages assets from several
financial institutions, namely central banks, sovereign wealth funds, pension
funds, corporations, foundations and endowments, and individual investors
around the world. Our scale and specialized resources have helped build a
diverse platform of product offerings. Along with the development of the
company’s business, this company has employees of 2,900 people. In 2023,
PIMCO’s total assets under management (AUM) reached USD 2.01 trillion.
8. BNY Mellon Investment Management
BNY Mellon Investment Management (BNY Mellon) is the investment
management division of BNY Mellon. This is one of the largest asset management
companies in the world which has some diversified products of investment,
namely Mutual Funds, Money market funds, and ETFs. Historically, BNY Mellon was
formed in July 2007 by the merger of the Bank of New York and Mellon Financial
Corporation. Operationally, BNY Mellon is headquartered in Manhattan, New York
City. As for business development, in 2023 Total Employees of BNY Mellon reach
53,400 people. As for the business development from time to time, BNY Mellon
has total assets of USD 409 billion, with total revenue of around USD 17.5
billion and net income of USD 3.2 billion. In 2023, BNY Mellon's total assets under
management (AUM) reached USD 2 trillion.
9. Goldman Sachs
Goldman Sachs is a leading global financial institution that
delivers a broad range of financial services across investment banking,
securities, investment management, and consumer banking to a large and
diversified client base that includes corporations, financial institutions,
governments, and individuals.
Historically, Goldman Sachs Group was founded in 1869 and is still headquartered in
Lower Manhattan, New York. The establishment of Goldman Sachs is the role of
Marcus Goldman and Samuel Sachs. As for business development, total assets of
Goldman Sachs reached USD 1.6 Trillion and employed more than 45 thousand people. Furthermore, total revenue of Goldman Sachs reached USD
48.6 billion with total net income of around USD 7.9 billion. In Investment
Management, this company has assets under management (AUM) of around USD 2.6
trillion USD.
10. Credit Agricole
Crédit Agricole Group or La banque verte
(France) is One of the world's largest financial institutions headquartered in Montrouge,
France. Historically, it was founded on November 5th, 1894. To Date, Credit Agricole has total assets
reaching EUR 2.3 trillion or equivalent with USD 2.5 trillion. Based on the
business performance in 2023, Crédit Agricole gained revenue of EUR 6.7 billion
or equivalent with USD 7.3 billion with net income reaching EUR 1.9 billion or
equivalent with USD 2.0 billion. In investment management, Credit Agricole
still managed assets under management (AUM) reaching EUR 2.1 trillion or
equivalent with USD 2.3 Trillion.
11. UBS Group
UBS Group AG is a Swiss multinational investment bank and
financial services company founded on June 29, 1998, through the merger of
Union Bank of Switzerland and Swiss Bank Corporation. Operationally, UBS Group
still has its headquarters in Zurich, Switzerland. Operationally, this company has
105,038 employees in fifty countries. As the business development, UBS Group
has total Assets reaching USD 1.7 trillion. In the business performance, The
UBS Group gained revenue of USD 40.8 billion and reaping net income achieved
USD 27.8 billion. In 2023, the Total
assets under management (AUM) of UBS Group reach USD 5.7 trillion.
12. Allianz Group
Allianz is a German multinational financial services company
headquartered in Munich, Germany. Historically, the founders of Allianz were Carl von Thieme and Wilhelm
von Finck in Berlin on 5 February 1890. Operationally, its core businesses are
insurance and asset management with total assets of Allianz reaching EUR 983
billion/ USD 1.09 Trillion in 2023. Based on the business performance in 2023,
the Allianz Group successfully gained revenue of EUR 91.2 billion/ USD 100
billion with net income of EUR 9 billion/ 9.9 billion. Based on assets
management performance in 2023, the total Assets Managements (AUM) of Allianz
achievedEUR 2.2 trillion or equivalent with USD 2.4 Trillion.
The Summary of 10 World’s Biggest Investment Management Companies in 2022 Based on Total Assets Under Management (AUM)
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Bibliography of 10 World’s Biggest Investment Management Companies
BlackRock. 2024. Annual Report 2023. Accessed via https://www.blackrock.com/corporate/investor-relations/2020-annual-report on November 17th, 2023.
Vanguard. 2024. About Vanguard. Accessed via https://about.vanguard.com/who-we-are/fast-facts/ on November 17th, 2023.
State Street Global Advisors. 2024. About Us. Accessed via https://www.ssga.com/us/en/institutional/ic/about-us/who-we-are on November 17th, 2023.
Fidelity. 2024. Fidelity Annual Report 2022. Accessed via https://institutional.fidelity.com/app/literature/annual-report/705632/fidelity.html on November 17th, 2023.
J.P. MorganChase&Co. 2024. Annual Report 2023. Accessed
via https://www.jpmorganchase.com/ir/annual-report on 17th December, 2023.
Capital Group. 2024. About Capital Group. Private Markets.
Accessed via https://www.capitalgroup.com/pe/about-us.html on November 17th, 2023.
PIMCO. 2024.Our Firm. Accessed via https://global.pimco.com/en-gbl/our-firm on November 17th, 2023.
BNY Mellon. 2024. About Us. Accessed via https://www.bnymellon.com/us/en/about-us/about-bny-mellon.html on November 17th, 2023.
Goldman Sachs. 2024. Annual Report 2023. Accessed via https://www.goldmansachs.com/investor-relations/financials/current/annual-reports/2023-annual-report
on November 17th, 2023.
UBS.2024. Annual Report 2023. Accessed via https://www.ubs.com/global/en/investor-relations.html on November 17th, 2023
Allianz Group. 2024. Annual Report 2023. Accessed via https://www.allianz.com/en/investor_relations/results-reports/annual-reports.html
on October 10th, 2023.
Credit Agricole. 2024. Annual Report 2023. Accessed via https://www.credit-agricole.com/en/finance/financial-publications
on October 10th, 2023.