According to the Thinking Ahead Institute, the 2023 figure represented a 12.5% uptick from the previous year, after AUM fell 13.7%, or $18trn, during 2022.
BlackRock, Vanguard, Fidelity, State Street and JP Morgan made up the top five largest money managers in the world, managing more than $30trn between them.
For the first time ever, passive investment strategies accounted for more than one third of AUM among the 500 largest firms (33.7%).
UK investment management industry AUM recovers to £9.1trn
This was partly the result of “a compelling value proposition, particularly in ter…