SOURCE: Institutional Investor

Institutional Investor

July 14, 2011 08:01 ET

BlackRock Tops Institutional Investor's Annual Ranking of the Biggest U.S. Money Management Firms

To Be Successful on This Year's II 300, It Helps to Have a Strong International Presence

NEW YORK, NY--(Marketwire - Jul 14, 2011) - Welcome to the land of the giants. With $3.6 trillion in assets, New York-based BlackRock towers over the II 300, Institutional Investor's annual ranking of the 300 biggest U.S. money managers. For BlackRock, like many of the largest managers on the II 300, success is no longer a purely American story. The New York-based firm is also a significant manager of non-U.S. securities; fully 42 percent of its money is invested outside the U.S. Similarly, Los Angeles's Capital Group Cos., sponsor of the ubiquitous American Funds family and No. 7 on the II 300, with $1.2 trillion, has 38.1 percent of its assets outside the U.S. San Mateo, California-based Franklin Templeton Investments, No. 11, with $670.7 billion, has 55.3 percent of its assets in non-U.S. markets.

For the complete II 300, including a portfolio breakdown by asset class for all the firms in the ranking and their subsidiaries, visit www.institutionalinvestor.com.

One of the keys to going global is figuring out how to crack China and profit from its appealing demographics. Atlanta-based Invesco -- which moves up three spots to No. 15, with $616.5 billion in assets after its June 2010 acquisition of Morgan Stanley's retail businesses -- has had a presence in China since 2003 through a Shenzhen-based joint venture called Invesco Great Wall Fund Management Co. "It's a changing environment in China as investors are increasingly open to products that aren't exclusively focused on Chinese equities or securities," says Invesco CFO Loren Starr.

The five biggest firms in the II 300 are:

Rank Firm Name Total Assets Under Management ($ billions)
1 BlackRock $3,560.9
2 State Street Global Advisors $2,009.3
3 Fidelity Investments $1,516.9
4 Vanguard Group $1,415.6
5 Allianz Global Investors of America $1,302.9

For the complete II 300 and portfolio breakdown by asset class, visit www.institutionalinvestor.com.

About Institutional Investor
Entering its fifth decade, Institutional Investor has distinguished itself among the world's foremost financial publications with groundbreaking journalism and incisive writing. Institutional Investor offers a host of proprietary research and rankings that serve as respected industry benchmarks. For more information visit www.institutionalinvestor.com.

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