The Ten Biggest Fund Shops Now Control 58% Of The Assets

Ted

FYI:
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=50219&wireid=2

msf

Another perspective - ranking by percentage of market, and percentage increase/decease of position (e.g. a fund that had 10% or market share and now has 8% would have a decline of 20% of its position):

Family		Market Share	Pct Inc (Dec)	Cumulative Market Share
Vanguard	18.5%		 13.5%		18.5%
Fidelity	10.4%		  1.0%		28.9%
Capital Group	9.9%		 (1.0%)		38.8%
T. Rowe Price	3.9%		  5.4%		42.7%
Franklin Tmpl	3.8%		 (5.0%)		46.5%
PIMCo		3.6%		(29.4%)		50.1%
DFA		2.1%		  5.0%		52.2%
JPMorgan	2.1%		  5.0%		54.3%
Blackrock	1.9%		  5.6%		56.2%
Oppenheimer	1.7%		 (5.6%)		57.9%

Viewed this way, it seems that just three companies dominate - Vanguard, Fidelity, and Capital Group (American Funds) hold over 3/8 of all fund assets.

Vanguard is obviously the big winner, no matter what perspective you take. And viewed from the perspective of what fraction of their market share was lost last year, PIMCo is the big standout (no surprise there).

Aside from Fidelity and Capital Group (both of which held their market share pretty constant relative the share they already had), all the others had gains (or losses) of about 5% of their market share position.

For example, DFA had a 2% share; its 0.1% gain in share represents a 5% increase in their share of the market.) Could just be noise (rounding error - with market share this low, a 0.1% change in absolute market share amounts to a 5% change). Just another way of seeing that after the first three (or six) families, the rest of the figures aren't particularly significant.

bee

Might be good for mutual fund companies stocks...TROW, JPM, BLK. Here's a chart which includes a few other mutual fund companies that offer shares of their company (Legg Mason, Federated, Franklin Templeton and Alliance Bernstein). BLK is a standout.

bee

Another way of looking at this is, what's a better investment a mutual fund or the mutual fund company's stock?

Of the two best stock performers:

Here's PRWCX vs. TROW:


Here's MCCPX vs BLK:

rjb112

Interesting that a load fund company, American Funds (Capital Group) still plays such a prominent role, with 9.9% of market share. Can't stand when a fund I'm interested in is a load fund.