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10 largest mutual fund companies by assets By Jeff Benjamin
@MFO Members:(If its worth doing, its worth doing right !)
The mutual fund industry currently has $18.9 trillion in total assets, $10.8 trillion of which is held by 10 companies. Here’s a look at the giants of a gigantic industry. Asset figures are through June 30 and were provided by the Investment Company Institute. The fund companies are ranked by total mutual fund assets, excluding exchange-traded-fund assets. The totals include long-term assets in stock and bond mutual funds, as well as short-term assets in cash management funds. Ted 1. Vanguard Group 2. Fidelity Investments 3. Capital Research & Management 4. T. Rowe Price 5. J.P. Morgan Chase & Co. 6. BlackRock 7. Nuveen 8. Dimensional Funds 9. Franklin Templeton Investments 10. Pimco Funds
Yikes - T. Rowe is right up there. Looks like all, or mostly all, are publically owned. Never fully understood how Vanguard works except that it’s investor owned - possibly in the same way credit unions are owned by their members?
(I stand corrected - Fidelity is privately owned.)
Vanguard is owned by its funds - not publically owned. Fidelity is private - Johnson family, plus. Capital Research - private Nuveen - owned by TIAA, a not-for-profit company Dimensional Fund Advisors, LP - private
Comments
The mutual fund industry currently has $18.9 trillion in total assets, $10.8 trillion of which is held by 10 companies. Here’s a look at the giants of a gigantic industry. Asset figures are through June 30 and were provided by the Investment Company Institute.
The fund companies are ranked by total mutual fund assets, excluding exchange-traded-fund assets.
The totals include long-term assets in stock and bond mutual funds, as well as short-term assets in cash management funds.
Ted
1. Vanguard Group
2. Fidelity Investments
3. Capital Research & Management
4. T. Rowe Price
5. J.P. Morgan Chase & Co.
6. BlackRock
7. Nuveen
8. Dimensional Funds
9. Franklin Templeton Investments
10. Pimco Funds
(I stand corrected - Fidelity is privately owned.)
Fidelity is private - Johnson family, plus.
Capital Research - private
Nuveen - owned by TIAA, a not-for-profit company
Dimensional Fund Advisors, LP - private