Relative market share of investment managers by total net assets as at 12/2016 Distribution markets

Global market (total net assets: US$27.6t)

Contacts

EY analysis is based on fund data provided by

The Market share evolution chart illustrates the position and growth of the leading open-ended investment managers on the global fund distribution market based on the variation of the total net assets held by local investors in open-ended domestic and cross-border funds available for sale. The rectangle’s size gives an indication of the assets under management. The rectangle’s color is defined by the sum of flows during the 12-month period ending December 2016 as a percentage of the total net assets in December 2015.

“

”

Open-ended investment fund managersMarket intelligence: fund flows that matter — December 2016

Regulatory Intelligence

Fund Registration

Market Intelligence

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EYGFD

Laurent DenayerPartner, Global Fund Distribution Leader EY Luxembourg+352 42 124 8340laurent.denayer@lu.ey.com

To learn more, visit ey.com/GFD.

Connect with us on LinkedIn EY GFD - Global Fund Distribution

bit.ly/EY-GFD

France MessierManager EY Luxembourg+352 42 124 8534france.messier@lu.ey.com

Best for Global Fund Distribution Award 2016

Vanguard

Fidelity

UBS Invesco BNY Mellon/ Dreyfus Amundi Federated

Natixis

AllianceBernstein/AXA

Credit Suisse

Legg Mason

BNP Paribas

Lord Abbett

SEI

American Century

Tianhong Asset Management

Pictet

Prudential Financial (US)

Principal

Manulife/John Hancock

Eurizon Capital

Santander

Nordea

State Street

Union Investment

Allianz

HSBC

Pioneer

Itau

Northern TrustBradescoRBCSchrodersDodge & CoxWells FargoDeutsche Bank/

DWSMorgan Stanley

Oppenheimer/MassMutualBBDTVM

Columbia Threadneedle Investments

SchwabMFS

American Funds/ Capital Group BlackRock

J.P.Morgan

Franklin Templeton PIMCO Dimensional

T. Rowe Price

Goldman Sachs

Annual growth of net assets

-12% -9% -6% -3% 0% 3% 6% 9% 12%Scaleca. US$25b of total net assets

The charts displayed are the result of EY proprietary analysis, based on fund data from Morningstar’s Open-End Universe (not including ETFs).

36%Market share

Top 10

Top

10

Top 20

Top

20

Top 50

Top

50

Top 100

46% 62% 74% 100%

Total 5,400

100

BNY Mellon/Dreyfus

Manulife/John Hancock

Dimensional

Amundi

Deutsche Bank/DWS

PIMCO

Natixis

State Street

RBC

BlackRock

UBS

Columbia ThreadneedleInvestments

Eurizon Capital

HSBC

J.P.Morgan

Fidelity

Santander

Pictet

AllianceBernstein/AXA

Goldman Sachs

American Funds/Capital Group

Wells Fargo

Legg Mason

Pioneer

Schroders

Morgan Stanley

T. Rowe Price

Union Investment

Lord Abbett

Franklin Templeton

BNP Paribas

SEI

Prudential Financial (US)

American Century

Oppenheimer/MassMutual

Bradesco

Schwab

BBDTVM

Dodge & Cox

Tianhong Asset Management

Itau

Credit Suisse

Nordea

Allianz

Invesco

MFS

Principal

Vanguard

Federated

Northern Trust

30 50 70 8020 40 60

Number of distribution markets in 2016Total net assets: US$b, December 2016

Total net assets

Number of distribution markets

3,2002,8002,4002,0001,6001,200800400US$b

Market share evolution

CoreNon-core

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