An asset management company (AMC) is an

asset management Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instit ...

company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...

firm A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...

that invests the pooled funds of retail investors in securities in line with the stated investment objectives. For a fee, the company/firm provides more

diversification Diversification may refer to: Biology and agriculture * Genetic divergence, emergence of subpopulations that have accumulated independent genetic changes * Agricultural diversification involves the re-allocation of some of a farm's resources to n ...

, liquidity, and professional

management consulting Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultan ...

service than is normally available to individual investors. The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. Money is collected from investors by way of floating various

collective investment scheme An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...

s, e.g.

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICA ...

schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities. A study by consulting firm Casey Quirk, which is owned by

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...

, found that asset management firms ended 2020 with record highs in both revenue and assets under management.

Largest companies

The following is a list of the top 20 asset managers in the world (as of 2022), ranked by total assets under management (AUM):

Asset management firms worldwide

Africa and Middle East

* Allan Gray * Clarity Capital *

Coronation Fund Managers Coronation Fund Managers is a South African third-party fund management company, headquartered in Cape Town. The company has locations in all South African major centers and offices in, Ireland, United Kingdom and in Namibia where it is represe ...

* EFG Hermes * eToro *

First City Monument Bank First City Monument Bank (FCMB), a member of FCMB Group Plc, is a financial services holding company headquartered in Lagos. FCMB Group Plc has nine subsidiaries divided among three business groups: commercial and retail banking, investment bank ...

* Heirs Holdings *

Investcorp Investcorp is a global manager of alternative investment products, for private and institutional clients. Founded in Bahrain in 1982, the firm has offices in United States, United Kingdom, Saudi Arabia, Qatar, United Arab Emirates, India, China, ...

Kingdom Holding Company The Kingdom Holding Company (KHC) ( ar, شركة المملكة القابضة) is a Saudi conglomerate holding company, based in Riyadh. The KHC is a publicly listed company on the Tadawul (Saudi stock exchange). The KHC consists of a select ...

* NBK Capital * Ninety One plc * Old Mutual * Sanlam * STANLIB *

UAP Old Mutual Holdings Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa, but has plans to be a pan-African insurance company. UAP Holdings is one of the leading ins ...

Americas

AdvisorShares AdvisorShares Investments is a US-based investment management firm based in Bethesda, Maryland which offers actively managed exchange-traded funds (ETFs) through the AdvisorShares Trust. AdvisorShares partners with third party financial advis ...

Affiliated Managers Group Affiliated Managers Group, Inc. (NYSE: AMG) is a strategic partner to independent investment management firms globally, with equity stakes in a number of partner-owned traditional investment managers, hedge funds, and specialized private equity fi ...

* AllianceBernstein *

American Century Investments American Century Investments is a privately controlled and independent investment management firm. Operations The Building has approximately 1,300 employees and its headquarters are located at 4500 Main in Kansas City, Missouri, near the Countr ...

* Ameriprise Financial *

AQR Capital AQR Capital Management (Applied Quantitative Research) is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asness, David Kabiller, John Liew, and Robert Krail, offers ...

* Barings LLC * BlackRock * Blackstone *

BNY Mellon Investment Management BNY Mellon Investment Management (BNY Mellon IM) is the investment management division of BNY Mellon. It is one of the largest asset managers in the world with $2.4 trillion in assets under management as of December 31, 2021. BNY IM uses seven ...

* Bridgewater Associates * Brookfield Asset Management *

BTG Pactual BTG Pactual is a Brazilian financial company that operates in the markets of investment banking, wealth management, asset management, corporate lending and sales and trading. It offers advisory services in mergers and acquisitions, wealth planni ...

* Calamos Investments * Cambridge Associates * Cambridge Investment Research * Capital Group Companies * Charles Schwab Corporation * CI Financial * Cohen & Steers * Columbia Threadneedle Investments * Conning * Dimensional Fund Advisors * Dodge & Cox * Dreyfus Corporation *

Eaton Vance Eaton Vance Corp. is an American investment management firm based in Boston, Massachusetts. It is one of the oldest investment companies in the United States, with a history dating back to 1924. Through five primary investment affiliates, Eaton ...

* Edward Jones Investments *

Federated Hermes Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $624 billion of customer assets, as of Sept. 30, 2022. The company offe ...

Fidelity Investments Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is o ...

Fisher Investments Fisher Investments is an independent money management firm headquartered in Camas, Washington. History Ken Fisher founded the firm in 1979, incorporated in 1986, then served as CEO until July 2016, when he was succeeded by long-time Fisher Inv ...

* Franklin Templeton Investments *

GAMCO Investors GAMCO Investors, Inc., formerly known as Gabelli Asset Management Company, is an American provider of investment advice and brokerage services to mutual funds, institutional and select investors based in Rye, New York. It was founded by and is m ...

GBC Asset Management GBC Asset Management is a division of Pembroke Management Ltd., a privately held Canadian investment management firm that manages investment portfolios and separately managed accounts for Canadian pension funds, foundations, endowments, wealth ...

* Geode Capital Management * Gluskin Sheff * Guardian Capital Group * Harbert Management Corporation * Harris Associates * Hartford * Invesco * Itaú Unibanco * J. & W. Seligman & Co. * Janus Capital Group *

Knight Vinke Asset Management Knight Vinke Asset Management is an American privately owned investment management firm that invests in under-performing bluechip companies, then pushes for institutional changes in those companies to increase share value. As of October 2016, th ...

Legg Mason Legg Mason was an American investment management and asset management firm headquartered in Baltimore, founded in 1899 and acquired by Franklin Templeton Investments as of July 2020. As of December 31, 2019, the company had $730.8 billion in as ...

Loomis, Sayles & Company Loomis, Sayles & Company L.P. is an American investment management firm based in Boston. As of March 31, 2021, Loomis Sayles has roughly $347.8 billion in assets under management. Loomis Sayles was founded in 1926 by Robert H. Loomis and Ralph T ...

* Lord Abbett * Mackenzie Investments * Manulife Investment Management * Merrill * MFS Investment Management *

Natixis Investment Managers Natixis Investment Managers is an American French-based global asset management company that claims USD $1389.7 billion in assets under management as of December 31, 2020. The company has headquarters in Paris and Boston Boston (), offi ...

* Neuberger Berman * Northern Trust *

Nuveen Investments Nuveen is an American asset manager and wholly owned subsidiary of financial planning firm TIAA, itself known for its legacy focus on managing money for not-for-profit institutions such as universities and their employees. As a consequence of int ...

* Oaktree Capital Management * Payden & Rygel *

PGIM PGIM, Inc. (PGIM), formerly Prudential Investment Management, is the asset management arm of American life insurance company Prudential Financial. Headquartered in Newark, New Jersey, United States, PGIM manages more than $1 trillion in assets a ...

PIMCO PIMCO (Pacific Investment Management Company, LLC) is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, a ...

PineBridge Investments PineBridge Investments (also known as PineBridge) is an American asset management firm. It was previously the asset management division of American International Group (AIG) known as AIG Investments before being sold to the Pacific Century Group ...

* Power Financial *

Principal Financial Group Principal Financial Group is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, U.S. Business operations Four segments comprise the company: Retirement and Income Solutions, Principal G ...

Putnam Investments Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. As one of the oldest mutual fund complexes in the Unite ...

* Pzena Investment Management *

RLJ Companies The RLJ Companies is an American asset management firm owned by entrepreneur Robert Louis Johnson. After selling Black Entertainment Television in 2001, Johnson’s first company, he created RLJ Companies in Bethesda, Maryland. The company’s ...

* Ruane, Cunniff & Goldfarb * Russell Investments * Sprucegrove Investment Management *

State Street Global Advisors State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, with nearly $4.14 trillion (USD) in assets under management as of 31 December 2021. The comp ...

* Sun Life Financial *

T. Rowe Price T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial inter ...

TCW Group TCW Group is an asset management firm based in Los Angeles, California. History Founded by Robert Addison Day in 1971 and headquartered in Los Angeles, TCW manages a broad range of investment products. The TCW Group was originally known as Tr ...

TIAA The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund (TIAA, formerly TIAA-CREF), is a Fortune 100 financial services organization that is the leading provider of financial services in the academic, research ...

* Tsai Capital *

The Vanguard Group The Vanguard Group, Inc. is an American registered investment advisor based in Malvern, Pennsylvania, with about $7 trillion in global assets under management, as of January 13, 2021. It is the largest provider of mutual funds and the second-l ...

Virtus Investment Partners Virtus Investment Partners, Inc. operates a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated subadvisers. History V ...

* Waddell & Reed * Walden Asset Management *

Wellington Management Company Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States. The firm serves as an investment advisor to over ...

Wilshire Associates Wilshire Associates, Inc. is an American independent investment management firm that offers consulting services and analytical products and manages fund of funds investment vehicles for a global client base. Wilshire manages capital for more tha ...

* WisdomTree Investments * XP Inc.

Asia-Pacific

* Affin Hwang Capital *

AMP Capital AMP Capital is a large global investment manager headquartered in Sydney, Australia. Its owner, AMP Group, was established in 1849, and is one of Australia's largest retail and corporate pension providers. AMP Capital has a strategic alliance ...

* Asia Frontier Capital * Asset Management One * Australian Ethical Investment * Axis Mutual Fund * BetaShares * Bosera Asset Management * Aditya Birla Sun Life Asset Management * BT * Capital Dynamics * China Asset Management * China Southern Asset Management * Colonial First State *

E Fund Management E Fund Management () is a Chinese asset management company founded in 2001. It is considered the largest asset management company in China. History The company was established in April 17, 2001. The initial shareholders were GF Securities ...

Eastspring Investments Eastspring Investments (also known as Eastspring) is an investment management firm headquartered in Singapore that is focused on investments throughout Asia. It is a subsidiary of Prudential plc. History Eastspring was originally the investme ...

First Sentier Investors First Sentier Investors, formerly known as Colonial First State Global Asset Management in Australia and First State Investments elsewhere, is a global asset management business that manages US$134.4 billion (as at 30 September 2022) in assets ...

* Harvest Fund Management * ICICI Prudential Mutual Fund * IDFC Project Equity * IFM Investors * Investors Mutual Limited * Kotak Mutual Fund * L&T Mutual Fund * Macquarie Asset Management *

Magellan Financial Group Magellan Financial Group is an Australian investment manager focusing on global equities and global listed infrastructure. MFG funds are available to retail and institutional clients in both Australian Securities Exchange-listed and unlisted form ...

* Mirae Asset Financial Group * Mitsubishi UFJ Trust and Banking Corporation *

Perpetual Limited Perpetual is an Australian investment fund and trust law, trustee group in the S&P/ASX 200. The company provides investment products, financial advice, philanthropic and corporate services to individuals, families, financial advisers and organis ...

* Platinum Asset Management * Plenary Group *

SBI Mutual Fund SBI Mutual Fund is an Asset Management Company introduced by State Bank of India (SBI) and incorporated in 1987 with its corporate head office located in Mumbai, India. SBIFMPL is a joint venture between the State Bank of India, an Indian pub ...

* Shinhan Asset Management * SPARX Group *

Sumitomo Mitsui Trust Holdings , formerly Chuo Mitsui Trust Holdings, Inc., is a Japanese financial holding company headquartered in Chiyoda, Tokyo. It provides an assortment of financial products to retail and wholesale customers, with a focus on asset management, financial b ...

* Tianhong Asset Management *

UTI Asset Management UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India (SEBI) registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcati ...

* Value Partners

Europe

Abrdn Abrdn plc (stylised as ‘abrdn’, disemvoweling of "Aberdeen"), formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a ...

* Aegon N.V. *

Alliance Trust Alliance Trust plc is a publicly traded investment and financial services company, established in 1888 and headquartered in Dundee, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is one of the la ...

* Allianz Global Investors * Amundi * APG *

Ashmore Group Ashmore Group plc is a large British investment manager dedicated to the emerging markets. Headquartered in London, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The business, which was establishe ...

Aviva Investors Aviva Investors is an asset management company and is part of the Aviva group. History The London unit, previously known as Morley, was founded in 1971 as Geoffrey Morley and Partners. This was bought by Globe Investment in 1988 and then sold to ...

AXA Investment Managers Axa Investment Managers (Axa IM) is a global investment management firm with offices in over 22 locations worldwide. As of 31 December 2021, it manages over €887 billion in assets on behalf of institutional and retail clients. It operates as ...

Azimut Holding Azimut Holding is an Italian asset management company, based in Milan, Italy, with branches in Australia, Brazil, Chile, China, Egypt, Ireland, Luxembourg, Mexico, Monaco, Singapore, Switzerland, Taiwan, Turkey, United Arab Emirates and the ...

* Baillie Gifford * Bluebay Asset Management * BNP Paribas Asset Management * Brewin Dolphin * Candriam Investors Group * The Children's Mutual * Climate Change Capital *

DekaBank DekaBank Deutsche Girozentrale is the central provider of asset management and capital market solutions of the Sparkassen-Finanzgruppe. It is registered in both Frankfurt and Berlin, with main operational headquarters in Frankfurt. It traces its ...

* DWS Group * Edinburgh Partners *

Eurizon Capital Eurizon Capital (also known as Eurizon and Eurizon Asset Management) is an asset management firm headquartered in Milan. It is the asset management division of Intesa Sanpaolo, Italy's largest banking group. It is considered to be one of the larg ...

* F&C Asset Management *

Fidelity International Fidelity International Ltd, or FIL for short, is a company that provides investment management services including mutual funds, pension management and fund platforms to private and institutional investors. Fidelity International was originally e ...

Genevalor Benbassat & Cie Genevalor Benbassat & Cie is an asset manager located in Geneva, Switzerland. The firm set up five European feeder funds that invested almost $2 billion into Bernie Madoff's criminal Ponzi scheme. History Genevalor was founded in 1983. In 1992 S ...

* Generali Investments *

Generation Investment Management Generation Investment Management LLP (Generation IM) is a financial services and investment management firm founded in 2004. It was co-founded by former US Vice President Al Gore and Goldman Sachs' Asset Management head David Blood, with a stated ...

* Henderson Group * Henderson New Star *

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tr ...

* Insight Investment *

Invesco Perpetual Invesco, based in Henley-on-Thames, Oxfordshire, is one of the largest investment managers in the United Kingdom, managing £91.59bn in assets on behalf of individual clients, fund platforms, nominees, pension funds and other corporate instit ...

* Intelligent Money *

Janus Henderson Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors and institutional investors globally under the ...

Jupiter Fund Management Jupiter Fund Management is a UK fund management group, managing equity and bond investments for private and institutional investors. The company manages assets across a wide range of international and UK based mutual funds, investment companies ...

* Van Lanschot Kempen * La Française Group * Legal & General * LGT Group * Liongate Capital Management * M&G Investments * Mercury Asset Management * Mirabaud Group *

* Newton Investment Management * NN Investment Partners * Old Mutual * Rathbone Brothers * Lombard Odier * Robeco *

Royal London Asset Management Royal London Asset Management (RLAM) is a UK-based investment management company. RLAM invests across a broad range of core asset classes including fixed income, equities, multi asset, cash and property. It also offers funds that adopt an ethic ...

* Schroders * Scottish Mortgage Investment Trust *

Scottish Widows Scottish Widows is a life insurance and pensions company located in Edinburgh, Scotland, and is a subsidiary of Lloyds Banking Group. Its product range includes life assurance and pensions. The company has been providing financial services to t ...

* Skagen Funds *

Stodir Stodir ( is, Stoðir, FL Group prior to 4 June 2008) is a majority family-owned investment company located in Reykjavík, Reykjavík, Iceland. The company was founded on July 20, 1973, under the name Flugleiðir. It was formed as a holding compa ...

* Superfund Group * Tilney Ltd. *

UBS UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swi ...

Union Investment Union Investment (; formal name Union Asset Management Holding AG) is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt. Trading in open-end ...