Top 10 Asset Management Companies in The World 2024 | Largest Asset Management Firms.
Biggest Asset Management Firms in world 2024
The top 10 asset management companies in world 2024 have assets under management (AUM) by them, which has an approximate worth of $35.58 Trillion. This number is bigger than any country’s GDP in the world. The number one country in the GDP’s list is the USA, which has an approximate GDP of $29 Trillion. These top AUM companies have the most assets under their management worldwide.
Understanding of Asset Management Companies
Asset Management Companies which are also known as “AMCs” are organizations that manage investment with an aim of generating returns for investors. These companies provide a range of financial products like mutual funds plans. The main purpose of an AMC is to help investors to gain their financial objectives. In these asset management companies investors can invest in Mutual Fund (MF) scheme units which are managed by experienced investment teams employed by the AMC. Some investors use the AMC’s personalized website or other approved channels to buy mutual fund schemes directly while the others use the services of certified financial consultants. Biggest Asset Management Firms in the world 2024
Largest asset management firms in the world in 2024
Let’s take a look at the top 10 largest asset management firms in the world in 2024 according to the value of assets under management (AUM), reported by Statisa.
BlackRock (AUM Value: $10.47 Trillion)
Biggest Asset Management Firms in the world: In the largest asset management companies list, New York City-based BlackRock comes at the top of the list with a whopping $10.47 Trillion AUM. It is a publicly traded investment management firm known worldwide. Read More only on Newzzy.
This company’s primary activities include providing a broad range of investment management and technological service to their institutional and retail clients worldwide. BlackRock’s product offers encompass single and multiple asset portfolios investing in fixed income, equities, alternatives and money market instruments.
BlackRock serves a diverse mix of retail and institutional clients which includes official institutions, tax-exempt institutions, taxable institutions and retail intermediaries. The Company operates in North and South America, Europe, The Middle East, Asia-Pacific and Africa. BlackRock’s headquarter is based in New York City.
Vanguard Group (AUM Value: $8.7 Trillion)
Second Biggest Asset Management Firms in the world 2024
The Vanguard Group Inc which is popularly known as Vanguard is a company which provides investment management services. This service offers a comprehensive range of products for investment and solutions. This company has a portfolio for offering exchange-traded funds, mutual funds, annuities, stocks bonds, certificates of deposits, retirement income, real-estate planning, account services, personal services and guidance advice to personal investors. This company also offers flagship and voyager services, advice and financial planning and education saving options.
Vanguard operated through their branch offices and online portals which are situated in the regions of America, Europe and Asia-Pacific.Vanguard’s headquarter is situated in Malvern, Pennsylvania, USA.
Fidelity Management & Research ( AUM Value: $3.88 Trillion)
Top ten Biggest Asset Management Firms in the world 2024
Fidelity Investments company FMR LLC is an investment management provider. It offers many
Types of solutions such as account and trade, planning and advice and varied investment products. Thier Account and trade solutions include portfolio management, trading and cash management services. Planning and advice solutions include wealth management planning, retirement solutions and advisory. Fidelity and Under Investments offers stocks, mutual funds, certificate of deposits, bonds, annuities, credit cards and exchange-traded funds. FMR LLC serves individual investors, advisors,institutional clients and employers of North America, Europe, And Asia-Pacific. The company’s headquarter is based in Boston, Massachusetts, USA.
The Capital Group Companies,Inc (AUM Value: $2.5 Trillion) Read more on Newzzy
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