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May 10, 1996 01:00 AM

Healthy market returns masked nearly flat asset growth for...

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    Healthy market returns masked nearly flat asset growth for institutional money managers in 1995.

    On an absolute basis, tax-exempt assets under management by the 500 largest money managers grew 32% in 1995, to $4.116 trillion, data from Pensions & Investments' annual directory of investment advisers show. But once adjusted for the presence of a major new player - TIAA-CREF, which was reclassified as a manager instead of as a plan sponsor - and for investment returns, asset growth is puny only 0.5%.

    Among the highlights of this year's survey:

    - The cash is still flowing, mainly from defined contribution plans, as it has during most of this decade. Defined contribution assets account for 25% of the total tax-exempt assets this year. If TIAA-CREF is not counted, defined contribution assets still account for a hefty 22% of the total.

    - Large, multiproduct firms have become entrenched in the top tier of the industry, with State Street Global Advisors edging BZW Barclays Global Advisors for the top spot.

    - While banks and insurers appeared poised last year to take over the lead in market share, investment counselors increased their market share.

    - After two years of losing ground to active management, indexing staged a comeback. Enhanced indexing rallied in particular.

    - International assets showed double-digit growth. All of the growth was in the equity area, as international fixed income stalled in 1995.

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    December 12, 2022 page one

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      • Washington
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      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • WPS Innovation Awards
      • Influential Women in Institutional Investing 2023
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • ESG Sustainability - Gaining Momentum
      • ESG Investing | Industry Brief
      • Innovation in ESG Investing
      • 2023 ESG Investing Conference
      • ESG Rated ETFs
      • Divestment Database
    • Defined Contribution
      • Latest DC News
      • The Plan Sponsor's Guide to Retirement Income
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2023 Defined Contribution East Conference
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      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Research Center
      • The P&I Research Center
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