Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

3464

October 2007 marked peak for mutual fund industry

RELATED TOPICS​

October 2007 marked the peak asset level of the mutual fund industry, according to a report by Fuse Research Network.

October 2007 marked the peak asset level of the mutual fund industry, according to a report by Fuse Research Network.

Assets of long-term mutual funds and ETFs totalled USD8.7trn dollars. Since that time, the industry AUM has declined by 21 per cent and at the market trough had dropped 42 per cent.

Despite challenging economic conditions, a number of firms have outperformed the industry pace in terms of asset growth and sales.

Out of the firms with USD50bn or more in AUM as of October 2007, Pimco ranked first with a 45.4 per cent increase in AUM between October 2007 and August 2009. This was followed by State Street Global Advisors (17.5 per cent) and JP Morgan (1.7 per cent).

Of the firms with AUM between USD5bn and USD50bn as of October 2007, ProFunds/ProShares came first (117.7 per cent), followed by Old Westbury (86.5 per cent) and Fairholme (47.3 per cent).

Only three of 32 firms in the USD50bn or greater peer group achieved positive asset growth from October 2007 through August 2009. For the USD5bn or greater group, 13 of 90 firms achieved positive growth for the same period.

Despite having a larger percentage of firms with positive AUM growth, the USD5bn to USD50bn peer group experienced a greater decline in AUM than the overall industry and the USD50bn and above group.

Latest News

Iress has announced that it has extended its partnership with Dow Jones Newswires to give..
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a..
GAM has announced it has reached a definitive agreement to transfer its Management Company activities..

Related Articles

infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Duncan Higgs, Bfinance
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges in investment management fees and costs across various asset classes...
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by