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Top DC managers grow AUM by 24% in 2017

Northern Trust Asset Management saw its defined contribution assets grow by 31% in 2017, according to data collected by Pensions & Investments after growing about 16% in 2016. The Vanguard Group’s DC assets grew 28% during a year that the manager was acquiring, on average, $1 billion per day at some periods.

Dimensional Fund Advisors’ DC client assets grew 23% after leading 2016.

J.P. Morgan’s and State Street Global Advisors’ 2017 growth numbers were lower than their peers, but consistent with 2016.