Skip to main content
MENU
Subscribe
  • Sign Up Free
  • LOGIN
  • Subscribe
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Face to Face
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 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
    • 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
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2023 Defined Contribution East
    • 2023 ESG Investing
Breadcrumb
  1. Home
  2. SPECIAL REPORT
October 19, 2020 12:00 AM

Equity markets give North American firms a larger slice of pie

Largest managers in region see 20.3% AUM rise; market share increases to 59.7%

Paulina Pielichata
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    Ben Phillips
    Photo: Peter Glass
    Benjamin F. Phillips said the ‘big bull market’ in equities most likely was responsible for the stellar return performance of managers based in North America.

    North America-based money managers recorded a 20.3% increase in assets under management in 2019 to $62.32 trillion, driven by exceptional gains in U.S. equity markets.

    AUM for North America-based firms accounted for 59.7% of total assets vs. 56.7% the year before, according to the Pensions & Investments and Willis Towers Watson PLC's Thinking Ahead Institute ranking of the top 500 managers. In 2019, U.S.-based assets under management accounted for 54.6% of the total, up from 51.7% in 2018.

    Benjamin F. Phillips, principal and lead investment management strategist at Casey Quirk, a practice of Deloitte Consulting LLP, based in New York, said the jump could be attributed to a big bull market in the U.S. "Part of it is due to capital market appreciation. You had a big bull market run up to the end of 2019," he said, adding that assets in North America also saw organic growth from new contributions. "That's still going to grow over the next decade," he added.

    Assets managed by firms in Europe increased 5.3% in 2019 to $29.79 trillion, increased 24.9% in Japan to $5.62 trillion and grew 4.5% for managers domiciled in the "rest of the world" to $6.66 trillion.

    Longer term, managers based in China showed the highest compound annual growth rate for assets under management in both local currency and in U.S. dollar terms at 25.5% and 22.3%, respectively, over the past five years. "China's growth is not a surprise," Mr. Phillips noted. "A lot of (assets in China) used to be managed by shadow wealth systems, private wealth managers and domestic players that aren't money management firms," he said. "You have seen a conversion (of these assets) into asset management assets" following changes in the Chinese regulatory rules, he said, adding that regulated money managers will in the future take on more of these assets.

    India-domiciled firms recorded a five-year CAGR of 14.4% in local currency and 11.9% in dollar terms to a total AUM of $216.1 billion. Brazil-based firms recorded a five-year CAGR of 12.9% in local currency and 4% in dollar terms, while Australian firms' five-year CAGR was 11.9% in local currency and 8.5% in dollar terms.

    Meanwhile, U.S.-based managers recorded a 7% five-year CAGR and eurozone countries had a five-year CAGR of 4.5% in euro terms and 2.8% in dollar terms. Japan-based firms recorded a 5.6% CAGR in local currency and a 7.6% increase in U.S. dollar terms and managers domiciled in the U.K. had a five-year CAGR of 4.9% in pound sterling terms and 1.4% in dollar terms.

    Related Articles
    North American funds getting aggressive on climate change
    Recommended for You
    Mutual funds most used by DC plans, by asset class 2022
    The largest managers of proprietary mutual funds most used by DC plans 2022
    Graphic: DC mutual funds/target-date funds by the numbers
    The Institutional Investor's Guide to ESG Investing
    Sponsored Content: The Institutional Investor's Guide to ESG Investing

    Reader Poll

    January 25, 2023
    SEE MORE POLLS >
    Sponsored
    White Papers
    Show Me the Income: Discovering plan sponsor and participant preferences for cr…
    The Future of Infrastructure: Building a Better Tomorrow
    Outlook 2023: Opportunity in a volatile world
    Research for Institutional Money Management
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    December 12, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Face to Face
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 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
      • 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
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2023 Defined Contribution East
      • 2023 ESG Investing