The research proved the top 20 asset managers’ share of total assets increased to 41.9% in 2015 from 41.6% even as their assets fell from $32.5 trillion to $32.1 trillion.
Assets of the bottom 250 managers fell to 5.8% from 6% in 2014, and stood at $4.4 trillion.
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Now here are the top 10 asset managers in the world.
10. Goldman Sachs Group, U.S.: $1.3 trillion
9. Capital Group, U.S.: $1.4 trillion
8. AXA Group, France: $1.5 trillion
7. Bank of New York Mellon, U.S.: $1.6 trillion
6. J.P. Morgan Chase, U.S.: $1.7 trillion
5. Allianz Group, Germany: $1.9 trillion
4. Fidelity Investments, U.S.: $2 trillion
3. State Street Global, U.S.: $2.2 trillion
2. Vanguard Group, U.S.: $3.4 trillion
1. BlackRock, U.S.: $4.6 trillion
Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets cost-effectively. The term is most commonly used in the financial sector to describe peoples and companies whose manages investments on behalf of others.