BlackRock jumped to the No. 1 spot among managers with internally managed indexed assets for the year ended June 30, topping the field with $1.697 trillion on the strength of its 2009 acquisition of Barclays Global Investors, according to Pensions & Investments' annual survey.
As capital markets tumbled in the last half of 2008, indexed fixed-income assets suffered as well, Pensions & Investments' biannual indexing survey shows. At the same time, enhanced indexing assets fell 36.1% in the six months, to $221.6 billion.
Drilling deep down into data collected by Pensions and Investments, this biannual report analyzes the performance of enhanced indexed assets managed on behalf of U.S. institutional tax-exempt investors and answers the questions why.