The survey, which will appear in the December edition of AsianInvestor magazine, is the seventh annual compilation of which houses, both local and global, manage the largest sums for regional clients, including institutions and retail.
According to the data, the average portion of global fund houses’ AUM sourced from Asia-Pacific has risen to 10.7%, from 9.4% a year ago. This illustrates the degree upon which US and European asset managers are relying on Asia-Pacific to bolster their business.
The survey’s findings also show that, while on average Asia, Japan and Australia are playing a bigger role in global managers’ business, results vary wildly among individual firms. The cleavage between those with growing Asia-Pac businesses versus those with shrinking ones is widening.
For Asian asset managers, the picture is mixed. On the whole, they have notched a modest gain in AUM, but here too there's a big divide between winners and losers.
Japanese trust banks, as expected, dominate the top 10, led by MUFJ with $369.8 billion, but also including Sumitomo Trust & Banking, Chuo Mitsui Trust & Banking and Mizuho Trust & Banking. Japan’s Nomura Asset Management is also ranked fifth, with $295.1 billion.
Australia-based Macquarie Funds Group also makes the top 10, but only on a total AUM basis, as the firm did not disclose its AP-sourced monies. The same goes for US-based Vanguard.
The other top-10 asset managers are BlackRock, in second place with $362.7 billion; State Street Global Advisors, with $214.9 billion; and US-based Prudential Financial, with $176.6 billion.
In terms of year-on-year growth of AUM, firms enjoying high growth include Ashmore, Cohen & Steers, Lazard Asset Management and T Rowe Price.
Asian asset managers with strong growth included Bank of the Philippine Islands and BDO Bank, also from the Philippines, as well as Korea's Hanwha ITMC, KB Asset Management and Woori Asset Management.
The leading asset manager from Asia in AUM terms is Samsung Asset Management, which ranks 20th with $89 billion.
For enquiries regarding the survey, please send an e-mail to Richard Santoro or call him on +852 3175 1980.