Surveys
Global Investors Hedge Their Bets With Asia-Pacific Funds
The average portion of global fund houses’ Asia-Pacific-sourced
assets
under management has risen in the past year, according to an
annual
survey of fund managers by
AsianInvestor.
The findings, which will feature in
the firm’s magazine this month, are indicative of US and European
asset
managers’ reliance on Asia-Pacific to boost business, as AuM in
the region increased
from 9.4 per cent to 10.7 per cent.
Although Asia, Japan and Australia generally have a stronger
presence in
global managers’ businesses, the results vary according to
individual firms. Moreover,
there is an increasing distinction between those with expanding
and those with shrinking
Asia-Pacific businesses.
With regards to Asian asset managers, there were clear winners
and losers. Overall, Mitsubishi UFJ Trust & Banking and
BlackRock lead the rank, while Asia’s leading
asset manager, Samsung Asset Management, comes 20th
with $89 billion in AuM.
Meanwhile, Japanese trust banks overshadow the top 10, placing
Mitsubishi with
$370 billion at the top, closely followed by Sumitomo Trust &
Banking, Chuo Mitsui Trust & Banking and Mizuho Trust &
Banking. Japan’s Nomura Asset Management is ranked fifth,
with $295 billion in AuM.
Australia-based Macquarie Funds Group and US-based Vanguard also
sit in
the top 10, whereas BlackRock takes second place with $363
billion, followed by State Street Global Advisors, with $215
billion and US-based Prudential Financial, with $177 billion.
Asian asset managers with strong growth include 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.
Furthermore, Ashmore, Cohen & Steers, Lazard Asset Management and T Rowe Price all experienced high year-on-year growth, the survey found.
