INTERACTIVE

The P&I/Willis Towers Watson World 500: World’s largest money managers

Ranked by total assets under management, in millions, as of Dec. 31, 2016, unless otherwise indicated.
RankManagerCountryTotal assets  
1 BlackRock (BLK)U.S.$5,147,852
2 Vanguard GroupU.S.$3,965,018
3State Street GlobalU.S.$2,468,456
4 Fidelity InvestmentsU.S.$2,130,798
5Allianz GroupGermany$1,971,211
6J.P. Morgan ChaseU.S.$1,770,867
7 Bank of New York Mellon (BK)U.S.$1,647,990
8AXA GroupFrance$1,505,537
9Capital GroupU.S.$1,478,523
10 Goldman Sachs Group (GS)U.S.$1,379,000
11 Prudential FinancialU.S.$1,263,765
12BNP ParibasFrance$1,215,482
13UBSSwitzerland$1,208,275
14Deutsche BankGermany$1,190,523
15 AmundiFrance$1,141,000
16Legal & General GroupU.K.$1,099,919
17Wellington Mgmt.U.S.$979,210
18Northern Trust Asset Mgmt.U.S.$942,452
19Wells FargoU.S.$936,900
20 NuveenU.S.$881,748
21Natixis Global Asset Mgmt.France$877,108
22HSBC HoldingsU.K.$831,000
23 Invesco (IVZ)U.S.$812,918
24T. Rowe PriceU.S.$810,800
25 MetLifeU.S.$800,806
26Aegon GroupNetherlands$783,927
27 Morgan Stanley (MS)U.S.$778,003
28PrudentialU.K.$736,866
29 Franklin Templeton (BEN)U.S.$719,989
30 Legg Mason (LM)U.S.$710,387
31Sumitomo Mitsui Trust HoldingsJapan$699,484
32Affiliated Managers GroupU.S.$688,700
33MassMutual FinancialU.S.$675,000
34Sun Life FinancialCanada$670,600
35Manulife/John HancockCanada$660,437
36Nippon Life InsuranceJapan$647,484
37Ameriprise FinancialU.S.$629,600
38Principal FinancialU.S.$591,600
39Mitsubishi UFJ Financial GroupJapan$584,765
40 New York Life InvestmentsU.S.$504,649
41Great-West LifecoCanada$489,342
42Old MutualU.K.$485,790
43Generali GroupItaly$479,370
44Schroder Invesment Mgmt.U.K.$476,976
45 Dimensional Fund AdvisorsU.S.$460,010
46Royal Bank of CanadaCanada$433,054
47AvivaU.K.$423,813
48DZ BankGermany$413,282
49Credit SuisseSwitzerland$396,707
50Blackstone GroupU.S.$366,553
51 Federated Investors (FII)U.S.$365,908
52Macquarie GroupAustralia$362,511
53 Eaton Vance (EV)U.S.$354,300
54Aberdeen Asset Mgmt.U.K.$346,627
55Standard LifeU.K.$343,424
56NordeaDenmark$339,984
57Meiji Yasuda Life Insurance1Japan$306,716
58Charles Schwab InvestmentU.S.$302,250
59Eurizon Capital SGRItaly$300,264
60 Robeco Group2Netherlands$297,315
61Shinkin Central Bank1Japan$296,976
62Nomura Asset Mgmt.Japan$295,943
63Voya FinancialU.S.$287,109
64Fidelity WorldWide InvestmentsU.K.$278,016
65MEAGGermany$277,607
66 Dodge & CoxU.S.$275,917
67LBBWGermany$274,778
68Geode Capital Mgmt.U.S.$261,735
69 Russell InvestmentsU.S.$258,058
70Zurich Financial ServicesSwitzerland$255,722
71 Neuberger BermanU.S.$255,186
72Pioneer Global Asset Mgmt.Italy$240,654
73Brookfield Asset Mgmt.Canada$239,825
74Stifel FinancialU.S.$236,942
75Societe GeneraleFrance$233,890
76BMO Global Asset Mgmt.Canada$229,778
77Banco do BrasilBrazil$224,466
78Sumitomo Life Insurance1Japan$221,963
79PGGMNetherlands$215,980
80Guggenheim InvestmentsU.S.$209,211
81Dekabank GroupGermany$208,163
82TD Asset Mgmt.Canada$205,106
83NN Investment PartnersNetherlands$202,670
84Swiss Life Asset ManagersSwitzerland$200,353
85LazardU.S.$197,910
86SEBSweden$195,910
87 SEI Investments (SEIC)U.S.$195,897
88Janus Capital GroupU.S.$194,494
89Banco Santander CentralSpain$193,855
90 TCW GroupU.S.$191,557
91La Poste3France$188,587
92Samsung GroupSouth Korea$180,206
93AQR Capital Mgmt.U.S.$175,211
94Baillie GiffordU.K.$174,160
95Banco BradescoBrazil$169,717
96Le Groupe LCF RothschildFrance$162,883
97Itau UnibancoBrazil$162,316
98 Bridgewater AssociatesU.S.$160,841
99Pictet Asset Mgmt.Switzerland$159,062
100 MercerU.S.$157,448
101American CenturyU.S.$156,764
102Colonial First StateAustralia$147,154
103Scotiabank4Canada$143,064
104EFG InternationalSwitzerland$141,800
105Zurcher KantonalbankSwitzerland$141,557
106Resona HoldingsJapan$139,687
107PNC FinancialU.S.$137,182
108Lord, AbbettU.S.$136,249
109Harvest Fund Mgmt.China$136,221
110BBVASpain$136,183
111NISA InvestmentU.S.$135,667
112Nikko Asset Mgmt.Japan$133,349
113Mn ServicesNetherlands$130,273
114 Kohlberg Kravis RobertsU.S.$129,556
115SwedbankSweden$128,700
116NationwideU.S.$127,433
117Royal London GroupU.K.$122,500
118 Henderson Global InvestorsU.K.$120,733
119Danske BankDenmark$120,179
120AMP CapitalAustralia$119,476
121GAM HoldingSwitzerland$118,433
122Union Bancaire PriveeSwitzerland$116,361
123China Asset Mgmt.China$115,367
124Investec Asset Mgmt.South Africa$113,336
125Talanx GroupGermany$112,914
126Mizuho Financial GroupJapan$109,690
127CandriamBelgium$107,358
128PRIMECAPU.S.$106,294
129 Payden & RygelU.S.$106,000
130CIBC Asset Mgmt.Canada$105,372
131IGM Financial GroupCanada$105,295
132Groupama Asset Mgmt.France$101,933
133Oaktree CapitalU.S.$100,504
134Covea GroupFrance$98,297
135First Eagle InvestmentU.S.$97,065
136LSV Asset Mgmt.U.S.$97,043
137 Mesirow FinancialU.S.$96,904
138 Artisan Partners (APAM)U.S.$96,845
139Ares Mgmt.U.S.$95,259
140Pearl GroupU.K.$93,492
141Credit MutuelFrance$92,819
142New England Asset Mgmt.U.S.$91,786
143CI FinancialCanada$89,522
144Vontobel Asset Mgmt.Switzerland$88,506
145Caixa Economica FederalBrazil$87,895
146Mirae Asset Financial GroupSouth Korea$87,404
147 Fiera CapitalCanada$86,806
148 CBRE Global InvestorsU.S.$86,600
149Willis Towers WatsonIreland$86,400
150CaixabankSpain$86,275
151BCVSwitzerland$83,779
152Pacific Century GroupHong Kong$82,700
153CCB Principal Asset Mgmt.China$82,668
154Man InvestmentsU.K.$80,900
155Waddell & ReedU.S.$80,521
156Raymond JamesU.S.$79,652
157Baloise Asset Mgmt.Switzerland$78,662
158Metzler Asset Mgmt.5Germany$77,963
159 Wilmington TrustU.S.$77,915
160Hanwha GroupSouth Korea$77,835
161Robert W. BairdU.S.$76,786
162Grantham, Mayo v. OtterlooU.S.$76,743
163Bank of China InvestmentChina$75,261
164 Fisher InvestmentsU.S.$71,784
165PFM Asset Mgmt.U.S.$70,983
166OFI AM6France$70,589
167Securian Financial GroupU.S.$70,500
168 Arrowstreet CapitalU.S.$69,941
169Fortress Investment GroupU.S.$69,627
170China Universal Asset Mgmt.China$68,500
171Storebrand GroupNorway$66,903
172Guardian LifeU.S.$66,500
173GF Fund Mgmt.China$66,174
174Anima HoldingItaly$65,959
175 William BlairU.S.$64,892
176Sumitomo Mitsui Asset Mgmt.Japan$64,653
177Lombard Odier InvestmentSwitzerland$64,027
178ICBC Credit Suisse Asset Mgmt.China$63,445
179OddoFrance$63,214
180Industrial Alliance InsuranceCanada$62,991
181Income Research & Mgmt.U.S.$61,589
182BT Investment Mgmt.7Australia$60,699
183F Van LanschotNetherlands$60,580
184Erste-Sparinvest KapitalanlageAustria$60,264
185Monte dei Paschi di Siena7Italy$59,938
186Svenska HandelsbankenSweden$59,620
187 Brown Brothers HarrimanU.S.$59,533
188 Mondrian Investment PartnersU.K.$59,033
189CarmignacFrance$58,733
190LaSalle InvestmentU.S.$58,013
191SanlamSouth Africa$57,941
192ACTIAMNetherlands$57,524
193QICAustralia$57,453
194Cohen & SteersU.S.$57,197
195 Partners GroupSwitzerland$57,103
196Warburg GruppeGermany$56,998
197Record Currency Mgmt.U.K.$56,375
198Fukoku Mutual Life InsuranceJapan$56,291
199LGT GroupLiechtenstein$56,122
200Tokio Marine Holdings2Japan$56,000
201Bank Degroof PetercamBelgium$55,650
202Victory CapitalU.S.$54,965
203IFM InvestorsAustralia$54,486
204 American Beacon AdvisorsU.S.$53,886
205Brown AdvisoryU.S.$53,744
206 Marathon-LondonU.K.$53,680
207KBLLuxembourg$53,521
208Connor, Clark & Lunn FinancialCanada$52,728
209Bosera Asset Mgmt.China$52,319
210 Ashmore GroupU.K.$52,200
211Landesbank Hessen-ThuringenGermany$51,710
212Sterling CapitalU.S.$51,613
213Sompo Japan Nipponkoa1Japan$51,392
214 Starwood CapitalU.S.$51,296
215Versicherungskammer BayernGermany$51,144
216UBI BancaItaly$50,894
217Jupiter Asset Mgmt.U.K.$50,096
218Delta Lloyd Asset Mgmt.Netherlands$50,000
219 Daiwa SB InvestmentsJapan$49,700
220KempenNetherlands$49,364
221Thornburg InvestmentU.S.$48,972
222AchmeaNetherlands$48,885
223China Southern Fund Mgmt.China$47,631
224 HinesU.S.$47,461
225Truvalue Asset Mgmt.China$47,429
226 HarbourVest PartnersU.S.$47,333
227ChallengerAustralia$47,230
228KB Asset Mgmt.South Korea$45,977
229MediolanumItaly$45,959
230Fort WashingtonU.S.$45,656
231Virtus InvestmentU.S.$45,366
232Pathway CapitalU.S.$44,636
233Causeway CapitalU.S.$44,238
234FolksamSweden$44,030
235STANLIBSouth Africa$42,700
236National Bank of Canada4Canada$42,443
237Coronation Fund ManagersSouth Africa$42,255
238Ohio NationalU.S.$41,800
239Northill CapitalU.K.$41,257
240 RhumbLine AdvisersU.S.$41,225
241D.E. Shaw GroupU.S.$41,059
242UMB FinancialU.S.$40,900
243Yinhua Fund Mgmt.China$40,466
244 Hamilton LaneU.S.$40,367
245RidgeWorth CapitalU.S.$40,152
246Shinhan BNPParibasSouth Korea$40,040
247 GAMCO Investors (GBL)U.S.$39,684
248 Strategic Investment GroupU.S.$38,919
249PrologisU.S.$38,871
250 Renaissance TechnologiesU.S.$38,795
251 Van Eck AssociatesU.S.$38,343
252Desjardins GroupCanada$38,271
253GLC Asset Mgmt. GroupCanada$38,097
254SECOR Asset Mgmt.U.S.$37,908
255Penghua Fund Mgmt.China$37,622
256Portfolio AdvisorsU.S.$37,554
257KBC GroupBelgium$37,306
258Banco Popolare SocietÓ3Italy$36,786
259Northern CrossU.S.$36,735
260Tian Hong Asset Mgmt.China$36,554
261E Fund Mgmt.China$36,400
262 HeitmanU.S.$36,385
263Korea ITMCSouth Korea$35,996
264Stone Harbor InvestmentU.S.$35,902
265Fullgoal Fund Mgmt.China$35,841
266Bank SyzSwitzerland$35,618
267Hermes Investment Mgmt.U.K.$35,097
268 Commerce TrustU.S.$35,016
269Westpac Banking7Australia$34,974
270Gruppo AzimutItaly$34,365
271Kiwoom AMCSouth Korea$34,284
272Silchester International8U.K.$34,219
273 Colchester Global InvestorsU.K.$33,941
274CommerzbankGermany$33,714
275Magellan Asset Mgmt.Australia$33,612
276Allan Gray ProprietarySouth Africa$33,237
277Raiffeisen Zentralbank5Austria$32,871
278HDFC Asset Mgmt.India$32,630
279HUK CoburgGermany$32,147
280Winton Capital Mgmt.U.K.$32,067
281Alexander Forbes1South Africa$32,031
282Manning & NapierU.S.$31,683
283Arca SGRItaly$31,396
284Caixa Geral de Depˇsitos1Portugal$31,045
285 Fifth Third BancorpU.S.$31,000
286DNBNorway$30,959
287Shenkman CapitalU.S.$30,756
288HFT Investment Mgmt.China$30,604
289Mawer Investment Mgmt.Canada$30,193
290Pzena InvestmentU.S.$30,035
291 Hotchkis & WileyU.S.$29,952
292 Adams Street PartnersU.S.$29,903
293 StepStone GroupU.S.$29,889
294Beutel, GoodmanCanada$29,600
295Universal-InvestmentGermany$29,487
296 First Pacific AdvisorsU.S.$29,475
297NurnbergerGermany$29,115
298Reliance CapitalIndia$28,809
299 Lexington PartnersU.S.$28,527
300Jarislowsky, FraserCanada$28,454
301AJOU.S.$28,258
302Quoniam Asset Mgmt.Germany$27,871
303Boston Private FinancialU.S.$27,557
304Uniqa Finanz GroupAustria$27,027
305Davis AdvisorsU.S.$27,013
306Angelo, GordonU.S.$27,000
307Bank J. Safra SarasinSwitzerland$26,940
308 ICMA RetirementU.S.$26,878
309Birla Sun Life Asset Mgmt.India$26,597
310 DuPont CapitalU.S.$26,449
311Ruffer5U.K.$26,325
312Royal Bank of ScotlandU.K.$26,079
313Brandes InvestmentU.S.$26,073
314Breckinridge CapitalU.S.$25,951
315Ameritas Mutual HoldingU.S.$25,800
316Banco SabadellSpain$25,644
317AGF Mgmt.Canada$25,543
318Goodman GroupAustralia$25,147
319Eagle CapitalU.S.$25,043
320Hungkuk ITMCSouth Korea$24,749
321Matthews InternationalU.S.$24,608
322NH-CASouth Korea$24,487
323Kyobo Life InsuranceSouth Korea$24,378
324 CommonfundU.S.$24,331
325Burgundy Asset Mgmt.Canada$24,248
326Gruppo Credito Emiliano3Italy$24,100
327Greystone ManagedCanada$23,736
328ASB Capital Mgmt.U.S.$23,589
329BTG PactualBrazil$23,376
330SafraBrazil$23,358
331Fiduciary Mgmt./MilwaukeeU.S.$23,307
332VinvaAustralia$23,000
333COMGESTFrance$22,985
334Berenberg Asset Mgmt.Germany$22,959
335Gruppo Bipiemme7Italy$22,862
336Intermediate Capital Group1U.K.$22,757
337 Callan AssociatesU.S.$22,666
338Los Angeles CapitalU.S.$22,380
339KutxabankSpain$22,367
340Knights of Columbus AssetU.S.$22,364
341PerpetualAustralia$22,356
342Letko BrosseauCanada$22,097
343Jackson Square PartnersU.S.$21,951
344China Post FundChina$21,854
345WoodfordU.K.$21,848
346Tactical Global Mgmt.Australia$21,736
347Penn Mutual Asset Mgmt.U.S.$21,367
348Westwood HoldingsU.S.$21,241
349Sarofim GroupU.S.$21,164
350Canyon PartnersU.S.$21,000
351UnigestionSwitzerland$20,750
352State Bank of IndiaIndia$20,741
353SCORFrance$20,228
354Co-operators GroupCanada$20,218
355BankiaSpain$20,205
356Blue Sky GroupNetherlands$20,018
357Bank of Comm. SchrodersChina$19,955
358 Highland AssociatesU.S.$19,660
359Patrizia ImmobilienGermany$19,638
360 EARNEST PartnersU.S.$19,613
361AlgerU.S.$19,515
362Southeastern Asset Mgmt.U.S.$19,471
363Diamond Hill CapitalU.S.$19,381
364Tongyang Investment Mgmt.South Korea$19,336
365UTI Asset Mgmt.India$19,033
366King Street CapitalU.S.$18,900
367China Fund Mgmt.China$18,708
368Grupo Banco PopularSpain$18,690
369Lansdowne PartnersU.K.$18,526
370IbercajaSpain$18,514
371 Calamos Advisors (CLMS)U.S.$18,278
372Lendlease Investment Mgmt.Australia$17,848
373QBEAustralia$17,613
374Platinum Asset Mgmt.Australia$17,500
375 International Value AdvisersU.S.$17,421
376Veritas Asset Mgmt.U.K.$17,033
377Royal & SunAllianceU.K.$16,779
378Majedie Asset Mgmt.U.K.$16,774
379DEXUS Property GroupAustralia$16,403
380Providence EquityU.S.$16,294
381Tortoise CapitalU.S.$16,251
382AXA SPDB Investment ManagersChina$16,061
383Pacific Asia GroupHong Kong$16,000
384Caitong Fund Mgmt.China$15,963
385Independent Franchise8U.K.$15,833
386BankinterSpain$15,528
387Votorantim Asset Mgmt.Brazil$15,355
388Kepler Fonds9Austria$15,182
389Glenmede InvestmentU.S.$15,087
390 Wasatch AdvisorsU.S.$15,072
391Sprucegrove InvestmentCanada$15,006
392Highland Capital (Texas)U.S.$14,769
393HuntU.S.$14,754
394Canso Investment CounselCanada$14,751
395T&D Asset Mgmt.Japan$14,561
396 Amalgamated BankU.S.$14,296
397 Guardian CapitalCanada$14,229
398HexavestCanada$14,118
399H/2 CapitalU.S.$14,101
400GPT GroupAustralia$13,890
401 Horsley Bridge PartnersU.S.$13,808
402Silvercrest Asset Mgmt.U.S.$13,800
403Charter HallAustralia$13,730
404Sit InvestmentU.S.$13,708
405Grupo Novo Banco3Portugal$13,696
406Marathon Asset Mgmt.U.S.$13,400
407Iridian Asset Mgmt.U.S.$13,372
408Hana Financial GroupSouth Korea$13,363
409Harrison StreetU.S.$13,330
410Value PartnersHong Kong$13,200
411AristotleU.S.$13,110
412Luther King CapitalU.S.$13,108
413Gulf International BankU.K.$12,900
414 Cambiar InvestorsU.S.$12,846
415World Asset Mgmt.U.S.$12,827
416 Cantillon Capital Mgmt.U.S.$12,774
417IBK AMCSouth Korea$12,746
418Shinyoung ITMCSouth Korea$12,711
419 Rockpoint GroupU.S.$12,644
420Leith Wheeler InvestmentCanada$12,621
421Perella WeinbergU.S.$12,612
422Beach Point CapitalU.S.$12,145
423Kotak Mahindra Asset Mgmt.India$12,082
424CQSU.K.$12,027
425 Sage Advisory ServicesU.S.$11,994
426Hyundai Investment AMCSouth Korea$11,879
427Westfield CapitalU.S.$11,753
428 London Co.U.S.$11,619
429Gruppo Banca CarigeItaly$11,446
430 SkyBridge CapitalU.S.$11,400
431KBSU.S.$11,252
432Polen CapitalU.S.$11,251
433DongbuSouth Korea$11,226
434Synovus FinancialU.S.$11,200
435Mitsui Fudosan Investment1Japan$11,098
436QV InvestorsCanada$11,045
437 Ariel InvestmentsU.S.$10,963
438Tocqueville Asset Mgmt.U.S.$10,919
439Lindsell TrainU.K.$10,914
440 Stockbridge Capital GroupU.S.$10,903
441Carnegie InvestmentSweden$10,890
442Banco BPIPortugal$10,883
443BOCI-PrudentialHong Kong$10,763
444Cowen InvestmentU.S.$10,544
445SulAmerica InvestimentosBrazil$10,512
446Aetos CapitalU.S.$10,511
447 Westbrook PartnersU.S.$10,412
448RWC Asset Mgmt.U.K.$10,381
449Polar Capital HoldingsU.K.$10,333
450EdgePoint Investment GroupCanada$10,313
451ASRNetherlands$10,114
452 Segall Bryant & HamillU.S.$10,060
453HI Asset Mgmt.South Korea$9,974
454Pacific Alternative AssetU.S.$9,962
455New Brunswick Investment1Canada$9,844
456Close Brothers Group10U.K.$9,841
457MapfreSpain$9,814
458Axiom InvestorsU.S.$9,672
459Opus InvestmentU.S.$9,672
460 DRA AdvisorsU.S.$9,536
461Verde Asset Mgmt.9Brazil$9,520
462Systematica InvestmentsJersey$9,500
463 Rockwood CapitalU.S.$9,464
464Fisch Asset Mgmt.Switzerland$9,370
465Longfellow InvestmentU.S.$9,192
466 C.S. McKeeU.S.$9,184
467UNICAJASpain$9,133
468Johnson Investment CounselU.S.$9,110
469 CornerStone PartnersU.S.$9,100
470ABSA Asset Mgmt.South Africa$9,079
471Maple-Brown AbbottAustralia$9,074
472Adrian Lee & PartnersU.K.$9,000
473Lupus Alpha Asset Mgmt.Germany$9,000
474KTBSouth Korea$8,994
475KGALGermany$8,992
476Westwood GlobalU.S.$8,919
477 Bahl & GaynorU.S.$8,905
478Advent CapitalU.S.$8,835
479 Edinburgh PartnersU.K.$8,782
480Piper JaffrayU.S.$8,731
481Cooper InvestorsAustralia$8,671
482CCLA Investment Mgmt.U.K.$8,611
483First Midwest BancorpU.S.$8,600
484First Principles CapitalU.S.$8,575
485CaserSpain$8,560
486SPARX GroupJapan$8,551
487IDFC Asset Mgmt.India$8,531
488Peregrine Holdings1South Africa$8,518
489Eugene Asset Mgmt.South Korea$8,415
490Renta 4Spain$8,347
491L&B RealtyU.S.$8,217
492Bantleon BankSwitzerland$8,200
493 M.D. Sass GroupU.S.$8,119
494Brown CapitalU.S.$8,060
495TriState Capital HoldingsU.S.$8,055
496Driehaus CapitalU.S.$8,034
497Garcia HamiltonU.S.$8,016
498 American Realty AdvisorsU.S.$8,011
499Quadrant Real EstateU.S.$8,010
500Kairos PartnersItaly$7,991
 Total$81,163,746
Notes: 1 As of March 31, 2016; 2 As of June 30, 2017; 3 As of June 30, 2016; 4 As of Oct. 31, 2016; 5 As of May 31, 2017; 6 As of Jan. 31, 2017; 7 As of Sept. 30, 2016; 8 As of April 30, 2017; 9 As of March 31, 2017; 10 As of July 31, 2016