CNS - AUM for top 500 managers peak to record $119.5T BlackRock retains first position

Willis Towers Watson's Thinking Ahead Institute research indicates assets under management at the world's 500 largest asset managers have reached a new record of $119.5T. As of the end of 2020, this represents an increase of 14.5% on the previous year when total AUM was previously $104.4T. Of the top 500 managers, 221 names that were a part of the list 10 years ago in 2011 are now absent in 2021, which  indicates a quickening pace of competition, consolidation and rebranding. Concentration among the top 20 managers intensifies with market share increasing to 44% of total assets during the period; 14 among them are U.S. managers accounting for 78.6% of the top 20 AUM. BlackRock (NYSE:BLK) has retained its position as the largest asset manager in the ranking, followed by Vanguard holding its second-place position for the seventh consecutive year. Overall, passive investments represent 26%, an increase of 16.2% compared with a

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AUM for top 500 managers peak to record $119.5T, BlackRock retains first position