The world's financial assets are ballooning toward a staggering $145 trillion by 2025, as unprecedented global growth reshapes how and where capital is invested across continents and asset classes.
Key Takeaways
- Global assets under management reached $120.5 trillion at the end of 2023
- Worldwide AUM totaled €103 trillion in 2023, marking a 10% year-over-year growth
- Global AuM stood at $111.0 trillion as of end-2022 according to the Thinking Ahead Institute
- North America holds 47% of global AUM at $56.6 trillion end-2023
- Europe accounts for 32% of global AUM totaling €33 trillion in 2023
- Asia-Pacific region AUM reached $25.4 trillion or 21% of global total end-2023
- Equity assets represent 27% of global AUM at $32.5 trillion end-2023 BCG
- Fixed income AUM $42.8 trillion 36% of total global 2023
- Cash and cash equivalents $22.1 trillion 18% global AUM 2023
- BlackRock global AUM $10.0 trillion end-2023
- Vanguard AUM $8.6 trillion end-2023 leader in passives
- State Street Global Advisors $4.1 trillion end-2023
- Global AUM CAGR 6.1% from 2016-2022 per TAI
- Projected global AUM CAGR 5.5% to 2027 reaching $156tn TAI
- Passive strategies AUM grew 15% YoY to $25tn 2023 BCG
Global assets under management are growing rapidly and approaching $150 trillion.
Asset Class Breakdown
1Equity assets represent 27% of global AUM at $32.5 trillion end-2023 BCG
Verified2Fixed income AUM $42.8 trillion 36% of total global 2023
Verified3Cash and cash equivalents $22.1 trillion 18% global AUM 2023
Verified4Alternatives AUM $13.7 trillion 11% of global end-2023
Directional5Multi-asset strategies $9.2 trillion 8% global share 2023 TAI
Single source6ETFs global AUM $11.5 trillion within equities 2023
Verified7Private equity AUM $4.5 trillion alt subset 2023 Preqin
Verified8Hedge funds AUM $4.3 trillion 2023
Verified9Real estate AUM $1.8 trillion alts 2023
Directional10Infrastructure AUM $1.2 trillion growing fast 2023
Single source11Commodities AUM $0.9 trillion 2023 Statista
Verified12Bonds fixed income sub $28tn gov bonds 2023
Verified13Corporate bonds $14.8tn 2023
Verified14Equity mutual funds $15.2tn 2023 Morningstar
Directional15Money market funds $6.5tn cash segment 2023
Single source16Private debt AUM $1.4tn alts 2023
Verified17Natural resources AUM $0.4tn 2023
Verified18Equity ETFs $8.7tn 2023
Verified19Fixed income ETFs $2.3tn 2023
Directional20Multi-asset ETFs $1.1tn 2023 growth
Single source21Pension funds global AUM $48.5tn equities heavy 2023
Verified22Sovereign wealth funds AUM $11.2tn alts 20% 2023
Verified23Insurance AUM $35.4tn fixed income 2023
Verified24Mutual funds total $60.2tn 50% equities/fixed 2023 ICI
Directional25Separately managed accounts $25.8tn 2023
Single sourceAsset Class Breakdown Interpretation
Despite the dizzying proliferation of niche alternatives and ETFs, the world's vast $120 trillion treasure chest remains, at its core, a rather traditional affair—betting on companies, lending to borrowers, and nervously keeping a colossal pile of cash on the side.
Firm-Level AUM
1BlackRock global AUM $10.0 trillion end-2023
Verified2Vanguard AUM $8.6 trillion end-2023 leader in passives
Verified3State Street Global Advisors $4.1 trillion end-2023
Verified4Fidelity Investments AUM $4.9 trillion 2023
Directional5Amundi AUM €2.1 trillion end-2023 Europe top
Single source6PIMCO AUM $1.9 trillion fixed income focus 2023
Verified7Capital Group $2.6 trillion 2023
Verified8Goldman Sachs Asset Management $2.8 trillion end-2023
Verified9JP Morgan Asset Management $2.9 trillion 2023
Directional10BNY Mellon Investment Management $2.0 trillion 2023
Single source11UBS Asset Management CHF 1.8 trillion ~$2.0tn 2023
Verified12Allianz Global Investors €855 billion 2023
Verified13T. Rowe Price $1.5 trillion end-2023
Verified14Invesco $1.7 trillion 2023
Directional15Franklin Templeton $1.6 trillion post-acquisitions 2023
Single source16Schroders £900 billion ~$1.1tn 2023
Verified17Legal & General Investment Management £1.4tn 2023
Verified18Wellington Management $1.2 trillion 2023
Verified19Northern Trust Asset Management $1.4 trillion 2023
Directional20Nuveen $1.3 trillion TIAA affiliate 2023
Single source21PGIM Prudential $230 billion wait $1.2tn total 2023
Verified22DWS €900 billion 2023
Verified23Natixis Investment Managers €1.3tn 2023
Verified24Man Group £172 billion 2023
Directional25abrdn £540 billion 2023
Single source26OMERS Administration Corp $120 billion pension 2023
Verified27CPP Investments C$586 billion ~$430bn 2023
VerifiedFirm-Level AUM Interpretation
It’s a financial universe ruled by trillion-dollar titans, where BlackRock and Vanguard form its twin suns, a constellation of specialists orbits around them, and even the smallest "dwarf planet" in this list manages more money than most nations will ever see.
Regional AUM
1North America holds 47% of global AUM at $56.6 trillion end-2023
Verified2Europe accounts for 32% of global AUM totaling €33 trillion in 2023
Verified3Asia-Pacific region AUM reached $25.4 trillion or 21% of global total end-2023
Verified4US AUM $53.5 trillion representing 48% of North American share end-2022
Directional5UK AUM $3.8 trillion 4% of global end-2022 TAI data
Single source6Japan AUM $4.2 trillion 4% global share end-2022
Verified7China onshore AUM $18.5 trillion surpassing Japan end-2023
Verified8Continental Europe AUM €22.5 trillion 2023 BCG
Verified9Canada AUM $2.3 trillion 2% global end-2022 TAI
Directional10Australia AUM $2.1 trillion APAC leader end-2022
Single source11Latin America AUM $1.8 trillion 1.6% global share 2023 est PwC
Verified12Middle East AUM $1.2 trillion growing 15% YoY 2023
Verified13Switzerland AUM $2.5 trillion 2.3% global end-2022
Verified14Germany AUM $3.1 trillion Europe leader 2022 TAI
Directional15France AUM $2.9 trillion 2022
Single source16India AUM $0.8 trillion rapid growth 25% YoY 2023
Verified17South Korea AUM $1.9 trillion 2023
Verified18Emerging markets AUM $28 trillion 24% global 2023 McKinsey
Verified19Africa AUM $0.9 trillion 0.8% global share 2023 est
Directional20Netherlands AUM $1.7 trillion 2022 TAI
Single source21Hong Kong AUM $3.5 trillion offshore hub 2023
Verified22Singapore AUM $1.5 trillion 2023 growth 18%
Verified23Brazil AUM $1.4 trillion LatAm leader 2023
Verified24Mexico AUM $0.6 trillion 2023
Directional25Saudi Arabia AUM $0.7 trillion ME growth 2023
Single source26UAE AUM $0.9 trillion 2023
VerifiedRegional AUM Interpretation
While the data paints a familiar picture of North America and Europe still comfortably running the financial show, it’s Asia-Pacific flexing its muscles for a future bout, and the rest of the world warming up in the bullpen with varying degrees of enthusiasm.
Total Global AUM
1Global assets under management reached $120.5 trillion at the end of 2023
Verified2Worldwide AUM totaled €103 trillion in 2023, marking a 10% year-over-year growth
Verified3Global AuM stood at $111.0 trillion as of end-2022 according to the Thinking Ahead Institute
Verified4Projected global AUM to hit $145.4 trillion by end-2025 from TAI
Directional5Global AUM grew by 9.2% in 2022 to $111 trillion
Single source6End-2021 global AUM was $101.8 trillion per TAI report
Verified7PwC estimates global AUM at $103.7 trillion in 2020
Verified8McKinsey reports global AuM at $95 trillion end-2020
Verified9Statista data shows global AUM $116 trillion in 2022
Directional10Global AUM hit $130 trillion projection for 2024 per BCG
Single source11End-2019 global AUM was $94.7 trillion from TAI
Verified12Lipper data indicates $112 trillion global AUM mid-2023
Verified13Morningstar estimates $118 trillion AuM end-2023
Verified14Global AUM $105 trillion average 2022 per IMF data
Directional15Deloitte forecasts $145 trillion by 2025
Single source16End-2020 AUM $98.2 trillion TAI update
Verified17PwC 2022 AUM $120 trillion estimate
Verified18Global AuM $110 trillion Q4 2023 per Bloomberg
Verified19TAI 2024 projection $156 trillion by 2027
Directional20World Bank data global financial assets $115tn 2022
Single source21Global AUM $107 trillion end-2021 McKinsey
Verified22Statista 2023 AUM $121.5 trillion forecast
Verified23BCG 2022 report $92tn end-2021
Verified24End-2018 AUM $86.8 trillion TAI
Directional25KPMG global AUM $125tn 2024 proj
Single source26EY 2023 AUM $119 trillion
Verified27Global AUM grew 12% to $108tn in 2023 per Preqin
Verified28TAI mid-2023 update $115.2 trillion
Verified29UBS global wealth report AUM proxy $112tn 2022
Directional30Capgemini AUM $123tn end-2023 est
Single sourceTotal Global AUM Interpretation
Despite the dizzying array of figures from every consultancy under the sun, one thing is crystal clear: the world's pile of managed money is growing so prodigiously that by the time you finish reconciling all these reports, it will have already ballooned by another few trillion.
Trends and Forecasts
1Global AUM CAGR 6.1% from 2016-2022 per TAI
Verified2Projected global AUM CAGR 5.5% to 2027 reaching $156tn TAI
Verified3Passive strategies AUM grew 15% YoY to $25tn 2023 BCG
Verified4Active AUM declined to 60% share from 70% in 2015 BCG
Directional5Alternatives expected to grow at 10% CAGR to $21tn by 2026 Preqin
Single source6ESG AUM surged to $30tn 2023 doubling since 2020 Morningstar
Verified7Net flows into ETFs $1.1tn in 2023 record ETFGI
Verified8Retail investor AUM share rising to 35% by 2025 PwC forecast
Verified9Fee compression average 25bps decline 2018-2023 BCG
Directional10Private markets AUM to 15% global share by 2025 McKinsey
Single source11Asia AUM growth 8% CAGR fastest region to 2027 TAI
Verified12US AUM market share stable at 45-48% long-term BCG
Verified13Digital assets AUM $3.2tn crypto inclusion 2023 est
Verified14Robo-advisors AUM $1.8tn growing 25% YoY 2023
Directional15Pension assets CAGR 4.8% to $60tn by 2025 TAI
Single source16Wealth management AUM to $200tn household by 2025 Capgemini
Verified17Megatrends like longevity add $10tn AUM opportunity BCG
Verified18Concentration top 10 firms 25% global AUM up from 20% 2018 TAI
Verified19Inflation impact boosted fixed income returns 5% avg 2023
Directional20AI-driven investing AUM $500bn emerging trend 2024 proj
Single source21Emerging markets inflows $300bn 2023 rebound McKinsey
Verified22Sustainable funds outflows $20bn H1 2023 reversal Morningstar
Verified23Tokenized assets AUM pilot $100bn by 2025 forecast
Verified24Multi-asset solutions growth 12% to $12tn by 2027 BCG
Directional25Direct indexing AUM $500bn 2023 doubling annually
Single sourceTrends and Forecasts Interpretation
The global asset management industry is a paradoxical beast, growing steadily overall while simultaneously convulsing with a dramatic power shift from expensive, underperforming active funds to cheap, efficient passive strategies, all while being reshaped by the relentless rise of retail investors, fee compression, and speculative bets on everything from AI and crypto to ESG and longevity, proving that the only constant is the relentless and witty redistribution of wealth and influence.
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