Asset managers at UBS have had a busy year so far, as a ranking of the top performers reveals. Switzerland’s biggest bank isn’t the only Swiss provider among the top ten though.
UBS pipped Blackrock, the world’s largest asset manager, for top spot. The Swiss tied with French firm Natixis in the rank of the companies that attracted the biggest amount of assets with their funds in Europe this year, according to E-fundresearch.
The fund division of UBS received 13.9 billion euros ($15.8 billion), while iShares, the index-fund unit of Blackrock, took 12.4 billion euros (see table below). UBS-rival Credit Suisse had new assets of 8.8 billion euros and claimed the eighth place.
Asset Manager, Net New Assets 2018 in Billion Euros
Natixis, 13.92
UBS, 13.91
iShares, 12.38
Amundi, 11.18
Vanguard, 11.16
Mercer Global Investments, 10.75
Allianz Global Investors, 10.49
Credit Suisse, 8.8
J.P. Morgan, 8.07
Baillie Gifford, 7.98
The ranking is based on data collected by Morningstar. The analysis of the numbers shows that there’s a gulf between the larger firms, which attracted the most money, and smaller rivals – 40 percent of all asset managers, or a total of 594, had outflows. Those 594 asset managers have just become more vulnerable to takeover bids by larger firms.
