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The World's 500 largest asset managers : year end 2012

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      <subfield code="a">The World's 500 largest asset managers</subfield>
      <subfield code="b">: year end 2012</subfield>
      <subfield code="c">the P&I-Towers Watson global 500 ranking is prepared using joint research by Pensions & Investments and Towers Watson</subfield>
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      <subfield code="a">Total assets under management of the 500 managers included in the ranking totalled US$ 68 trillion at the end of 2012, up 8.2% from the end of 2011 -- The first two positions in the ranking include the same managers, with BlackRock in the first position for the third consecutive year. Vanguard overcame State Street Global and is now in the third position -- Assets under management of North American managers were US$ 35.9 trillion at 2012 year end, an increase of 8.3% from the previous year. The assets managed by European managers also increased by 12.5%, ending on US$ 24 trillion -- Japanese managers ended 2012 with US$ 4.8 trillion, the only decrease in assets during 2012 (-8.7%) -- The top 20 managers¿ share of the total assets increased from 38.7% to 41.4%</subfield>
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