Switzerland knocked off asset management podium

Switzerland has been the biggest loser over the past decade in a list of the world’s 500 largest asset managers. Its share of assets under management held in the listed companies more than halved from 8.6% in 2005 to 4% last year. The United States, on the other hand, has constantly strengthened its position and now manages 52.5% of total global assets, revealed research by Pensions & Investments/Willis Towers Watson published on Tuesday. This is up 10.6 percentage points since 2005. Within a decade, growth in the US at Switzerland’s expense has knocked the Alpine country from third position in 2005 (behind the US and Britain) to seventh in 2015 (behind the US, Britain, France, Germany, Japan and Canada). In the latest ranking, assets managed by the world’s largest 500 asset managers fell in 2015 for the first time since 2011. Total assets under management (AUM) were down 1.7% to $76.7 trillion (CHF77.3 trillion) at the end of 2015, compared with $78.1 trillion the ...