Europe: number of asset management companies| ��ƽ��

Number of asset management companies in Europe in 2023, by country

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Release date

December 2024

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Region

Europe

Survey time period

2023

Supplementary notes

Figures refer to registered companies in each country except for Austria, Czechia, Hungary, and Romania where the figures refer to the members of the national trade association. The UK figures are an estimation.

Citation formats

In 2023, Europe had a total of active asset management companies. The largest portion of these companies were registered in the United Kingdom, France, and Germany. Asset management companies typically manage pooled funds. These funds accumulate from the firms' collection of clients. This money is then invested by the asset management company in various securities, allowing for portfolio diversification. These actions are taken with the intention of creating a profit for the firm and its clients and also diminishing the level of risk through diversification. The Allianz Group, headquartered in Munich, Germany, was the highest-ranked non-US entity. At the end of 2023, the assets under management of the Allianz Group amounted to around *** billion euros.

How has AUM in Europe developed over time?

Assets under management (AUM) consist of investment funds managed in Europe as well as discretionary mandates, granted to fund managers by private clients. Between 2018 and 2022, the volume of assets under management in Europe increased by around **** trillion euros within the two-year period. This is forecast to reach a base rate of almost ** trillion euros by 2027. This expansion in volume could be attributed to the increasing popularity of exchange-traded funds (ETFs), which provide cost-effectiveness and portfolio diversification. Furthermore, the economic stability and growth of European markets also contribute to a higher AUM.

Which firms dominate the global asset management industry?

In 2024, the leading global asset management companies by AUM were BlackRock, Vanguard Group and Fidelity Investments. Blackrock had assets under management of more than ** trillion US dollars during that year, making it the largest asset manager in the world. These industry giants, along with others such as State Street, JPMorgan Chase, and Goldman Sachs, among others, collectively shape the global asset management space through their innovative investment products, solid track record of performance, and strong reputations.