Here we can reveal the 10 fastest growing fund houses by percentage of assets sourced from clients based in Asia Pacific. The data comes from AsianInvestor's annual list of the 100 largest fund houses by Asian assets, which will be published in our forthcoming March magazine in full.
All 10 companies are Chinese asset managers. A quick calculation shows year-on-year growth in RMB terms was even bigger for many of these firms, meaning RMB depreciation against the dollar was not a factor. By comparison, among global firms only four grew in double digit percentage terms year-on-year in what was a tough 2015 for asset-gathering.
Our top 10 list below is led by Fortune SG Fund Management, which saw its assets swell more than 300% to almost $42 billion, from a low base of $10 billion. The largest rise in asset terms came from Bank of China Investment Management, which grew by more than $43 billion, or 124%.
AsianInvestor will be breaking out interviews online with individual companies to understand what has driven their growth and whether they see this as sustainable.
For details on sponsorship opportunities, please contact AsianInvestor's commercial director, Terry Rayner, at [email protected] or +852 3175 1963.
|Biggest growth by assets sourced from Asia Pacific|
Fortune SG Fund Management
China Universal Asset Managemet
Bank of China Investment Management
China Merchants Fund
Fullgoal Fund Management
Harvest Fund Management
Yinhua Fund Management
GF Fund Management
Rongtong Fund Management