Pensions & Investments’ unique and detailed passive money manager survey provides a host of insights.
Although BlackRock Inc. and Vanguard Group — which have more than $12.5 trillion in passive assets under management combined — rightly get the spotlight, many others have been successful and have actually grown faster over the past 10 years. Starting from much smaller bases, Geode Capital Management and Charles Schwab Investment Management Inc. have seen incredible growth.
Another observation on client types shows the rapid increase in U.S. defined contribution participants piling into passive strategies. Over the past 15 years, U.S. defined contribution participants have increased their passive investments by almost $3 trillion. While U.S. defined benefit plan sponsors, which also internally manage passive assets, have flat allocations at about $1.4 trillion.
The latest special report can be found here. Mark your calendars as June 30, 2022, data will be published Nov. 14.