Who’s Managing the World’s Money?
October 18, 2022—As public officials increasingly look to private money to solve global issues like climate change, it is worth devoting more attention to the world of investment management.
It is a multi-trillion dollar industry impacting decisions on investments and money flows. Asset management (AUM) includes mutual funds, ETFs, hedge funds and other structured funds managed by investment firms. Today, the largest asset management firm is BlackRock. Two of the top 10 largest are headquartered in China. Notably, the largest ten asset management firms oversee $38 trillion in investments. Their decisions impact corporate boards, company decisions, climate action, and the bottom line.
Last year, asset management by the world’s top 500 firms grew to nearly $120 trillion, according to the nonprofit Thinking Ahead Institute. This year that number is likely less, due to declines in the dollar value of equity markets.
For more news on investment firms and their managers, see our Finance section. For news on climate action, see our Sustainable Finance section.
*In most cases, the figures do not include liquidity products or wealth management.
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