Asia's top 100 fund firms by AUM: list in full

Feb 17, 2015

AsianInvestor presents the complete rundown of the 100 largest fund houses, ranked by their assets under management sourced from investors in Asia Pacific.

Asia's top 100 fund firms by AUM: list in full

After publishing a series of instalments in recent weeks, AsianInvestor now presents its complete ranking of the top 100 fund firms by Asia-Pacific assets under management.

Assets sourced from the region grew at a slower pace last year than in 2013, although the overall AUM of the top 100 still increased 6.1% year-on-year AUM to hit $39.8 trillion as at end-September.

Global firms’ share of Asia-Pacific assets rose at about the same pace as 2013 (6.81%), but managers in Asia (ex-Australia and Japan) saw their AUM increase 13.34%, a two-percentage-point rise on 2013. Australian and Japanese firms recorded minor declines in assets.

Despite growing competition and regulatory headwinds in Asia, a good proportion of the big global fund houses posted healthy regional assets under management increases last year. They include the likes of Amundi, BlackRock, BNY Mellon Investment Management, Deutsche Asset & Wealth Management and State Street Global Advisors.

*A full feature and more analysis from our annual survey appears in the latest (February) issue of AsianInvestor magazine. To see the list of the fastest-growing fund firms by Asia-Pacific AUM, please click here.

The top 100 fund houses by AUM from Asia Pacific: numbers 1-100
2014	2013	Company	Geography	AP 2014 $bn	AP 2013 $bn	% change	Global 2014	Global 2013
1	1	Sumitomo Mitsui Trust Bank	Japan-based	474.0	472.0	0.42%	474.0	472.0
2	3	BlackRock	Global firm	397.0	352.2	12.72%	4525.0	4096.4
3	2	Mitsubishi UFJ Trust & Banking	Japan-based	380.4	385.4	-1.30%	380.4	385.4
4	5	State Street Global Advisors	Global firm	353.8	307.0	15.23%	2421.0	2241.0
5	4	Nomura Asset Management	Global firm	319.4	312.4	2.24%	345.1	338.0
6	6	Mizuho Trust & Banking	Japan-based	236.8	247.3	-4.23%	236.8	247.3
7	7	Prudential Financial (US)	Global firm	178.0	196.6	-9.48%	917.5	1076.2
8	8	Pimco	Global firm	175.5	191.6	-8.40%	1876.0	1970.0
9	10	UBS Global Asset Management	Global firm	155.4	136.4	13.93%	687.0	649.3
10	9	Nikko Asset Management	Japan-based	151.4	153.8	-1.53%	167.7	168.9
11	13	DIAM	Japan-based	146.0	126.5	15.45%	146.0	126.5
12	12	JPMorgan Asset Management	Global firm	131.7	133.6	-1.42%	1493.2	1500.0
13	16	Daiwa Asset Management	Japan-based	128.7	111.3	15.63%	128.7	111.3
14	14	AMP Capital Investors	Australia- based	125.9	125.4	0.44%	127.0	127.0
15	17	Samsung Investments	Asia-based	121.9	107.3	13.56%	121.9	107.3
16	20	Eastspring Investments	Asia-based	117.6	96.7	21.64%	117.6	96.7
17	11	Sumitomo Mitsui Asset Management	Japan-based	116.7	134.1	-12.98%	121.2	134.5
18	18	Vanguard	Global firm	115.0	107.0	7.48%	3000.0	2500.0
19	19	Schroder Investment Management	Global firm	111.3	102.3	8.82%	464.1	415.8
20	22	BNY Mellon Asset Management	Global firm	108.1	94.3	14.63%	1650.0	1500.0
21	15	First State Investments (previously known as Colonial First State)	Global firm	103.7	118.6	-12.56%	155.5	167.5
22	21	HSBC Global Asset Management	Global firm	100.0	96.6	3.52%	465.0	419.0
23	26	Macquarie Funds Group	Global firm	95.0	74.6	27.24%	371.2	356.3
24	24	Franklin Templeton	Global firm	92.5	86.4	7.09%	898.0	844.7
25	35	Amundi	Global firm	88.4	72.6	21.76%	1060.0	1025.0
26	-	Tianhong Asset Management	Asia-based	88.3	10.9	708.88%	88.3	10.9
27	23	AllianceBernstein	Global firm	86.0	86.9	-1.07%	473.0	445.2
28	25	Goldman Sachs Asset Management	Global firm	86.0	79.0	8.86%	1150.0	949.0
29	27	Wellington Management	Global firm	80.3	70.9	13.22%	892.4	798.9
30	37	Deutsche Asset Management	Global firm	72.3	50.7	42.77%	1205.6	934.7
31	33	Manulife Asset Management	Global firm	67.6	59.1	14.38%	275.7	257.8
32	28	Nissay Asset Management	Japan-based	64.2*	65.2	-1.50%	65.2	65.2
33	29	Northern Trust Asset Management	Global firm	63.6	64.4	-1.24%	923.3	846.2
34	31	Western Asset Management	Global firm	61.4	61.0	0.57%	471.6	442.7
35	41	Harvest Fund Management	Asia-based	60.7	46.3	30.86%	66.9	49.2
36	34	BNP Paribas Investment Partners	Global firm	57.5	56.0	2.73%	641.3	640.2
37	38	Invesco	Global firm	57.4	50.2	14.34%	789.6	745.5
38	36	Mirae Asset Global Investments	Asia-based	57.0	54.0	5.51%	62.2	57.9
39	30	Tokio Marine Asset Management	Japan-based	56.9	62.4	-8.81%	57.4	63.0
40	32	China Asset Management	Asia-based	56.1	60.7	-7.65%	56.1	60.7
41	52	China Southern Asset Management	Asia-based	54.4	36.7	48.07%	54.4	36.7
42	44	Allianz Global Investors (including RCM)	Global firm	53.9*	43.5	24.00%	510.6	408.5
43	39	Hanwha Asset Management	Asia-based	53.4	47.8	11.79%	60.3	47.8
44	40	MFS Investment Management	Global firm	50.8	46.7	8.92%	424.1	385.3
45	46	Morgan Stanley Investment Management	Global firm	47.3	41.8	13.00%	397.8	359.7
46	43	Credit Suisse	Global firm	44.9*	43.7	2.84%	425.2	410.1
47	50	Natixis Global Asset Management	Global firm	42.6	37.2	14.52%	894.3	838.2
48	45	Meiji Yasuda Asset Management	Japan-based	42.3*	42.5	-0.26%	42.3*	43.0
49	42	DaiwaSB Investments	Japan-based	40.5	44.4	-8.74%	47.6	51.7
50	47	IFM Investors	Australia- based	39.6	41.6	-4.90%	45.7	45.5
51	49	Aberdeen Asset Management	Global firm	39.3	38.0	3.42%	550.0	324.6
52	56	Russell Investment Group	Global firm	37.1	33.7	10.09%	275.1	246.9
53	59	AXA Investment Managers	Global firm	36.8	32.8	12.27%	766.0	726.0
54	58	Bosera Asset Management	Asia-based	36.0	32.9	9.56%	36.0	32.9
55	54	UOB Asset Management	Asia-based	36.0*	35.6	1.08%	36.7	35.6
56	55	Wells Fargo Asset Management	Global firm	35.7*	35.5	0.39%	338.0	334.0
57	60	Standard Life Investments	Global firm	35.2*	28.9	21.71%	333.7	272.0
58	57	Shinko Asset Management	Japan-based	34.7	32.9	5.39%	34.7	32.9
59	53	BT Investment Management	Australia- based	34.2	35.6	-3.84%	58.0	54.5
60	48	Kokusai Asset Management	Japan-based	33.7	38.3	-12.08%	33.7	38.3
61	66	Kasikorn Asset Management	Asia-based	33.4	27.9	19.54%	33.4	27.9
62	110	PineBridge	Global firm	33.2	28.4	16.90%	70.8	69.1
63	70	SCB Asset Management	Asia-based	30.6	22.4	36.67%	30.6	22.4
64	61	Fidelity Worldwide Investments	Global firm	29.1*	27.7	5.19%	275.8	260.1
65	73	Principal Global Investors	Global firm	29.0	21.2	36.87%	326.9	300.1
66	62	Perpetual Asset Management	Australia- based	28.7	27.1	6.17%	28.7	27.1
67	63	KB Asset Management	Asia-based	28.1*	24.8	13.34%	28.1*	24.8
68	65	Korea Investment Management	Asia-based	27.0*	23.8	13.34%	27.0*	23.8
69	51	E-Fund	Asia-based	26.3	37.0	-28.87%	26.3	37.0
70	64	Dimensional Fund Advisors	Global firm	25.8	23.9	7.95%	372.0	315.4
71	76	Lion Global Investors	Asia-based	25.3	18.7	35.15%	25.6	23.7
72	67	GF Fund Management	Asia-based	23.9	23.0	3.87%	23.9	23.0
73	68	Lazard Asset Management	Global firm	23.7	22.9	3.56%	178.8	159.3
74	87	HDFC Mutual Fund	Asia-based	22.1	15.0	47.35%	22.1	15.0
75	80	Platinum Asset Management	Australia- based	21.3	17.7	20.06%	21.3	17.7
76	90	Reliance Mutual Fund	Asia-based	19.9	14.9	33.81%	19.9	14.9
77	75	Woori Asset Management	Asia-based	19.5	18.9	3.34%	19.5	18.9
78	83	Legg Mason AM (ex-Western)	Global firm	19.1	17.1	11.45%	246.3	213.3
79	78	Public Mutual	Asia-based	19.0	18.0	5.56%	19.0	18.3
80	81	T. Rowe Price Asset Management	Global firm	18.9	17.4	8.62%	731.2	647.2
81	74	Baring Asset Management	Global firm	18.7	20.1	-7.06%	47.1	60.2
82	79	Janus Capital	Global firm	18.4*	17.7	3.79%	174.4	166.7
83	88	Krung Thai Asset Management	Asia-based	18.4	15.0	22.53%	18.4	15.0
84	86	Tong Yang Asset Management	Asia-based	17.3*	15.3	13.34%	17.3*	15.3
85	95	Capital Group International	Global firm	17.0	14.0	21.43%	1382.0	1265.0
86	-	Bank of China Investment Management	Asia-based	16.9	12.0	41.35%	16.9	12.0
87	72	T&D Asset Management	Japan-based	16.9	21.2	-20.27%	16.9	21.2
88	85	China Universal Asset Management	Asia-based	16.7	13.1	27.50%	16.7	13.1
89	82	Perennial Investment Partners	Australia- based	16.2	16.2	-0.06%	16.2	16.2
90	77	Pictet Asset Management	Global firm	15.9*	18.6	-14.86%	150.2	149.4
91	91	Threadneedle	Global firm	15.8*	14.6	8.37%	150.1	137.4
92	96	Reliance Capital AM (ex Reliance Mutual Fund)	Asia-based	15.5	13.2	17.61%	15.5	13.2
93	107	SBI Mutual Fund	Asia-based	15.1	10.9	39.05%	15.5	11.1
94	104	Birla Sun Life Mutual Fund	Asia-based	15.0	11.3	32.22%	15.0	11.3
95	101	RHB Investment Management	Asia-based	14.4	11.5	25.22%	14.4	11.5
96	92	GAM	Global firm	14.2*	14.0	1.64%	134.9	131.7
97	-	China Merchants Fund	Asia-based	14.2	11.4	25.36%	14.2	11.4
98	-	China International Fund Management	Asia-based	13.9	13.5	2.85%	13.9	13.5
99	71	Penghua Fund Management	Asia-based	13.9	21.6	-35.87%	13.9	21.6
100	98	Cohen & Steers	Global firm	13.8	12.7	8.87%	49.7	46.3
Total				7190.0	6735.4		39752.8	36569.3
*AsianInvestor estimates