2 largest asset managers combine for over $485 bln in total

Brookfield Asset Management (BAM) and BlackRock are two of the largest asset management companies worldwide. The two dominate their peers in the top 10 rankings of the largest asset managers by total assets. Notably, the two asset managers take a very different approach to investment, but both have experienced great success in each of their niches. According to data presented by TradingPlatforms.com, two of the world’s largest asset managers, Brookfield Asset Management and BlackRock, Inc., account for 71 percent of the combined total assets of the entire top ten list of largest asset managers.

The ten largest asset management companies in the world have over $677 billion combined total assets as of 2021. BAM’s total assets stand at an estimated $316 billion making it the largest asset management company worldwide followed by BlackRock’s total assets of almost $169 billion. The success of the two companies was a result of two different approaches to investment. BAM’s principal investments are made in real estate and infrastructure while BlackRock’s largest share of investments is in Exchange Traded Funds (ETF).

Brookfield Asset Management recorded its strongest ever quarter at the end of 2020, setting them up for a strong 2021. BAM recorded its highest quarterly net income of $1.8 billion in Q4 2020, an increase of 10.8 percent y/y. 

BlackRock differs from BAM in that its main business is in asset management as an ETF provider. As of February 2021, BlackRock was by far the largest ETFs provider with managed assets of an estimated $2.1 trillion.

(WBJ)