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Fund of funds' most favoured asset managers revealed

Fund of funds' most favoured asset managers revealed

US asset manager BlackRock is the most popular investment group among European third party fund of funds, according to data firm Lipper's annual European funds review.

The review, which highlights the extent of the slowdown in the European fund industry, indicated 1, 277 third party fund of funds had invested in BlackRock by the end of 2011. This equates to €4.3 billion of assets.

JP Morgan and Schroders were shown to have also attracted over 1,000 third party fund of funds. The number of fund of funds invested at the end of 2011 was 1,047 for JP Morgan and 1,028 for Schroders.

According to the top 10 list, 9th and 10th placed firms M&G and Invesco had fewer fund of funds invested than the rest of the list but had more assets under management than six of its rivals.

At the end of 2011, assets invested by third party funds into M&G products totalled €3.33 billion, while Invesco raised €3.35 billion.

The top 10 list by fund of funds’ holdings also features Franklin Templeton, Deutsche/DWS, Fidelity, BNP Paribas and Amundi.

The fund of funds holdings data is based on the analysis of 2,000 European-domiciled third party fund of funds.

Rank Promoter (ex-ETFs) No. FoFs investing Assets from FoF (€m)
1 BlackRock 1,277 4,324.9
2 JP Morgan 1,047 3,507.6
3 Schroders 1,028 2,273.7
4 Franklin Templeton 908 2,492.5
5 Deutsche/DWS 906 2,351.7
6 Fidelity 899 2,488.0
7 Amundi 761 2,045.8
8 BNP Paribas 705 2,426.7
9 M&G 703 3,337.8
10 Invesco 682 3,354.1

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