The three largest U.S. institutional tax-exempt money managers have the majority (56% to 92%) of their equity assets under management invested passively in U.S. equities, according to Pensions & Investments' annual money manager survey. Fidelity Investments and T. Rowe Price Associates have 79% and 92%, respectively, in active U.S. equity strategies.
Largest money managers have varied active and passive asset mix
Most of the money managers’ fixed-income AUM was allocated to U.S. investments. Three managers, Vanguard, BlackRock and SSGA, leaned heavily on passive strategies, while T. Rowe Price had nearly 90% in active U.S. fixed-income strategies.
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