Asset Management: Market Research Report

June 2010 | 840 pages | ID: A255BDB5932EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Asset Management (Assets Under Management) in US$ Billion.

The report provides separate comprehensive analytics for the US, Japan, Europe, Singapore, Australia, Korea, India, China, and Rest of World.

Annual estimates and forecasts are provided for each region for the period of 2006 through 2015.

Also, a six-year historic analysis is provided for these markets.

The report profiles 266 companies including many key and niche players such as AXA Group, AllianceBernstein L.P, Allianz Group, Blackrock, Inc., BNP Paribas, BNY Mellon Asset Management, Crédit Agricole SA, Credit Suisse Group AG, Deutsche Bank AG, Fidelity Investments, Ltd., HSBC Holdings Plc, JPMorgan Chase & Co., J.P. Morgan Asset Management, Legg Mason, Inc., Merrill Lynch & Co., Inc., Natixis SA, Northern Trust Corporation, State Street Global Advisors, The Capital Group Companies, Inc., The Goldman Sachs Group, Inc., The Vanguard Group, Inc., and UBS AG.

Market data and analytics are derived from primary and secondary research.

Company profiles are mostly extracted from URL research and reported select online sources.

Contents

I.INTRODUCTION, METHODOLOGY & PRODUCT DEFINITION

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

Asset Management Industry – An Introduction
Key Components of the Industry
Investment Advisor: Assisting Clients in Portfolio Selection
Product Architect: Designing Products to Suit Client Needs
Distributor: The Link Between Consumers and Advisors
Gatekeepers: Assisting Investment Products Screening
Investment Buyers
Asset Owners: Industry End-Users
Consumer Profile in Asset Management Industry
Institutional Investors
Advisor Selection
Retail Vs Institutional Clients
Organization Structure

2. ASSET MANAGEMENT INDUSTRY

Asset Management Industry Emerges from Financial Crisis
Market Outlook
Factors Influencing Asset Management Industry
Stringent Regulatory Norms
Alternative Investment Options
Product Rationalization
New Technologies & Skills
Strategic Approach to Determine Future Growth Potential
Focusing on Long-Term Growth Strategy
Focusing on Retail Investors
Enhancing Awareness Levels of Investors
Impact of Financial Crisis on Asset Managers: A Review
Highlights
Investors Move Towards Low-Risk Asset Categories
Crisis Affects Asset Managers’ Profitability
Panic Selling by Investors Leads to Decreased AuM
Distribution Difficulties
Economic Crisis Puts Brakes On Globalization
Governments Move Towards Stringent Controls and Regulations
Asset Management Firms Feel the Heat of Economic Slump
Highlights
A Polarized Industry
Firms Evolve New Business Models
Strategies to Overcome Financial Crisis
M&A Activity in the Global Asset Management Industry
Consolidation Activity in the Recent Past
Competitive Landscape

Table 1. Leading Players in the Global Asset Management Industry (2008): Ranked by Assets Under Management (AUM) for Barclays Global Investors, Allianz Group, State Street Global, Fidelity Investments, AXA Group, BlackRock, Deutsche Bank, Vanguard Group, JPMorgan Chase, and Capital Group (includes corresponding Graph/Chart) (includes corresponding Graph/Chart)

Table 2. Leading Worldwide Institutional Asset Managers (2008): Ranked by Value of Assets for State Street Global, Barclays Global Investors, BlackRock, BNY Mellon Asset Management, Fidelity Investments, JPMorgan Asset Management, PIMCO, Legg Mason, Vanguard Group, and Northern Trust Global (includes corresponding Graph/Chart)

3. MARKET DYNAMICS

Fund Management Industry – An Overview

Table 3. Global Fund Management Industry (2008): Percentage Share Breakdown of Assets Under Management for Conventional Assets, Non-Conventional/Alternative Assets, and Private Wealth (includes corresponding Graph/Chart)

Table 4. Global Conventional Investment Management Industry (2008): Percentage Share Breakdown of Assets Under Management (AUM) for Pension Funds, Mutual Funds, and Insurance Funds (includes corresponding Graph/Chart)

Table 5. Global Non-Conventional/Alternative Investment Management Industry (2008): Percentage Share Breakdown of Assets Under Management (AUM) for Sovereign Wealth Funds, Private Equity, Hedge Funds, and Exchange Traded Funds (includes corresponding Graph/Chart)

Pension Funds

Table 6. Global Pension Fund Assets Market (2008): Percentage Share Breakdown of Asset Value by Country for US, Japan, the Netherlands, UK, Canada, and Others (includes corresponding Graph/Chart)

Types of Pension Funds

Table 7. Global Pension Fund Assets (2008): Percentage Share Breakdown of Asset Value by Fund Type for Public Sector Funds, Sovereign Funds, Corporate Funds, and Private Sector Industry Funds (includes corresponding Graph/Chart)

Table 8. Leading Sovereign Pension Funds in the World (2008) – Ranked by Total Asset Value (in US$ Thousand) for Government Pension Investment, Government Pension Fund, National Pension, Postal Savings Fund, Central Provident Fund, Employees Provident Fund, and Canada Pension (includes corresponding Graph/Chart)

Pension System Reforms Gather Pace
Demographic Changes Necessitate Reforms

Table 9. Elderly Dependency Ratios in Select Countries (2050) (includes corresponding Graph/Chart)

Inadequacies of Existing Pension Systems Drive Change
Pension Fund Allocations to Alternative Assets Continue

Table 10. Alternative Assets for Pension Funds (2008): Percentage Share Breakdown of Allocations for North America, Europe, Asia-Pacific, and Others (includes corresponding Graph/Chart)

Leaders in Different Alternative Assets Categories on Behalf of Pension Funds (2008)
Wealth Management Market Set for Strong Growth
Consolidation Intensifies
Emerging Markets – The Destination for Wealth Managers
Mutual Funds Market
Long-Term Prospects for Mutual Fund Companies
Enterprise Asset Management (EAM) Market
Divergent Regulations Hamper Growth

4. PRODUCT OVERVIEW

Defining Assets
Asset Management – A Conceptual Definition
Asset Management Plans
Asset Management Account
Classification of Asset Management
Financial Asset Management
Infrastructure Asset Management
Enterprise Asset Management
Asset Management Services
Asset Management Services – Key Features
Establishing Goals
Funds Allocation
Developing Strategies
Strategy Monitoring
Asset Management Company
Asset Management Reports

5. PRODUCT LAUNCHES

GSAM Unveils Credit Strategies Fund
Dexia Asset Management to Debut Dexia Bonds 2014
CASAM Introduces CASAM ETF EONIA®
CASAM Expands ETF Portfolio with Launch of 11 New Products
GSAM Launches International Tax Managed Equity Funds
GSAM Launches Local Emerging Markets Debt Fund
RBC Global Asset Management Unveils Inflation-Linked Bond Fund
Northern Trust Introduces Multi-Manager Target Date Funds
GSAM Brazil to Introduce Multiple Funds in Brazil
LOM Asset Management to Unveil Euro Fixed Income Fund

6. RECENT INDUSTRY ACTIVITY

Invesco to Buy Retail Asset Management Business of Morgan Stanley
Bank of America Acquires Merrill Lynch
Evli Bank to Acquire Erik Penser Fonder
ING to Divest Investment Management Operations
BNY Mellon Buys Interest in Siguler Guff
GLG Partners Concludes Acquisition of SGAM UK
Evli Bank to Acquire Finland-Based Asset Management Operations of Carnegie
BNY Mellon Takes Over Insight Investment
Aquiline Capital Takes Over Conning & Company
Daiwa Inks Agreement for Acquisition of daVinci Select
BlackRock Acquires BGI
Hennessy Advisors to Acquire Two Japanese SPARX Funds
LIC Announces Divestment of Stake in UTI AMC
MacKay to Takeover Assets of Mariner Municipal Managers
BoComm to Acquire Stake in China Orient Asset Management Corp
Aberdeen Completes Acquisition of Credit Suisse Fund Management Assets
Liberty International Acquires Pearl Group
Assicurazioni Generali to Acquire 30% Stake in Guotai Asset Management
Primus Completes Acquisition of CypressTree
Wood & Company Acquires Credit Suisse’s Asset Management Business
T Rowe Price to Acquire Stake in UTI AMC
Cedrus Takes Over Institutional Business from Global Crown Capital
Nomura to Acquire 35% Stake LIC’s Asset Management Unit
LarrainVial and Compass Consorcio Merge Asset Management Units
MMC Contrarian Divests Asset Management Division
Hennessy Signs Agreement for Acquisition of Two Tamarack Funds
Sparx Sells Stake in Cosmo Investment Management
AvW to Divest Interest in Austrian C-Quadrat
Threadneedle to Acquire Standard Chartered Investments
Alandsbanken to Acquire Kaupthing’s Swedish Division
Smith Graham Acquires Ark’s Assets
HIM Monegy Announces Strategic Alliance with CFSGAM
Allied Capital Acquires Emporia’s Management Contracts
Beverly Hills Bancorp and OFS Enter Into a Merger Deal
The Bank of New York Mellon Takes Over JPMorgan Trust Bank
Jovian to Purchase Stake in Hahn
IIP Takes Over Bloomsbury Asset Management
Bank of Nova Scotia Purchases Five Continents Financial
Kazkommertsbank Sells Stake in Pension Fund and Asset Management Firm
PICC P&C to Divest Stake in PICC Asset Management
CVC Acquires iShares from Barclays
Henderson Group Acquires New Star Asset Management
JMP Group Acquires Cratos Capital Partners
Allianz and Bajaj Finserv to Set Up Asset Management Company
Credit Suisse to Divest 30% Interest in South Korean JV
KIPCO to Buy Assets from Recession Affected Kuwait Firms
Sokrat Acquires Pio Global Ukraine
Nordnet Inks Deal for the Acquisition of eQ Bank
NB Group Acquires Lehman Brothers’ Asset Management Division
Golden Bridge to Acquire U.S. Positive Delta Asset Management
Capita Group Takes Over Capmark Financial’s European Administration Services
City National to Take Over Majority Stake in Lee Munder
GIC Housing to Divest Stake in LIC MF
Carnrite Groups Inks Joint Marketing Deal with Fidelis Group
BNP Paribas Acquires Stake in Fund Channel
J. P. Morgan and Arden Asset Management Ink Agreement for Hedge Fund
Mirae Asset Management and Citi Enter into Deal
Sumitomo to Take Over Nikko Asset Management
BNP Paribas Inks Agreement with AXA Investment Managers
Cushman & Wakefield Takes Over Pacific Investment
Ark Financial Holdings and Redwood Asset Management Merge
Ameriprise to Take Over Columbia Management's Long-Term Asset Management Business
PNC Capital Advisors Merges with Allegiant Asset Management Company
Australian Wealth Management Merges with IOOF Holdings
Olympia Asset Management Establishes New Institutional Management Unit
Prudential Group Establishes Malaysian Asset Management Business
Protego Merges with Threadneedle
RREEF Acquires Stake in Rosen Real Estate Securities
BNP Paribas Acquires Equity Prime Brokerage Business from Bank of America
Packman Financial and Napco Asset Management Complete Merger
Manulife Takes Over of Fuhwa Securities
F&C and Reit Asset Management to Merge Property Operations
IDFC Acquires StanChart AMC
SFG Signs MoU with BNP Paribas
BNY Mellon Concludes Take Over of ARX Capital Management
Allianz Buys Commerzbank Unit
BNP Paribas to Acquire 49. 99% Stake in BancoEstado’s Asset Management Division
Stonehage Announces Merger of TriAlpha and ACP Partners
Aktia Bank Acquires Kaupthing’s Asset Management Operations
Nuveen Investments to Acquire Winslow Capital Management
Industrial Alliance Acquires Sarbit Asset Management
Banca MPS to Divest Asset Management Operations to Clessidra
EFGI Acquires Majority Stakes in Stratcap Securities
NCB Capital Takes Over TCP
Silvercrest Takes Over Marathon Capital
Envit Capital Private Wealth Management Acquires Clary Asset Management
Bank of China to Acquire Stake in Rothschild Bank
AMR Corporation Divests American Beacon Advisors
Sanlam Investments and SMC Group Enter into Joint Venture Agreement
Dekania and Advanced Equities Financial Sign Merger Agreement
Deutsche Bank Inks Agreement for 40% Stake in UFG Invest
Princeton Financial Signs Agreement for Acquisition of Aquin
China Cinda Asset Management to Purchase 61. 9% Stake in Hantec Investment
BNP Paribas Acquires 25% Interest in SAIB Asset Management Company
CAB Barlow Takes Over 85% of Barlow Capital Management
Prudential to Acquire 40% Stake in GAP
SWS Acquires ML Stern and Tower Asset Management
Titanium Asset Management Acquires Boyd Watterson
Citigroup to Take Over Wachovia Subsidiaries
Credit Suisse Acquires Majority Stake in Asset Management Finance Corp.
Old Mutual to Acquire 49% Stake in ABM AMRO TEDA
Ameriprise to Take Over J&W Seligman
Aberdeen Takes Over 26 Nationwide Funds
Voyageur to Acquire Assets of Access Capital
RBC Acquires Stake in O’Shaughnessy Asset Management
Baka Holding Acquires Stake in APEX FX Trading
Bank Hapoalim to Take Over 50.01% Stake in NuVerse Advisors
Hyundai Heavy to Purchase Stake in CJ Group
Acadian Asset Management Divests 3. 2% Stake in MTS
Deutsche Bank Acquires 60% Stake in Far Eastern Alliance
Istithmar Acquires Majority Stake in Gulf Stream
Fortis Takes Over ABN Amro Asset Management
Ping An Signs MoU to form Fortis Investments with Fortis NV
Standard Chartered Divests Stake in Indian Asset Management Operations
Troika Dialog to Take Over Almex Asset Management
Franklin Templeton Takes Over 49% Stake in Vietcombank Fund
Natixis Global Takes Over Gateway Investment
Lovell Minnick Takes Over Majority Stake in Mercer Advisors
Grove Creek Takes Over Estabrook Capital Management
Stone Point Capital Buys Stake in Cyprexx Services
FBR Capital Takes Over East Peak Advisors
Triton Pacific Acquires Majority Stake in AssetPoint LLC
Ladenburg Thalmann Takes Over Punk Ziegel
Morgan Stanley Takes Over Cooperatieve Centrale Raiffeisen Boerenleenbank
Security Benefit Acquires Rydex Investments
Titanium Asset Management Takes Over National Investment Services
Massachusetts Mutual Life Insurance Takes Over First Mercantile Trust
J.C. Flowers & Co. to Buy Efibanca
Focus Financial Partners Takes Over Greystone Financial Services
RTD Financial Advisors Takes Over Financial Vision Advisors
Phoenix Companies Spin-Off Virtus Investment Partners
SWS Group Takes over M.L. Stern & Co.
Goldman Sachs Takes Over Capula
TA Associates Takes Over RGM Advisors
Yucaipa Cos Takes Over Stake in Americold Realty Inc
Brown Investment Advisory Takes Over Alex Brown Investment Management
Istithmar World Capital to Take Over Gulf Stream
FrontRange Holding Takes Over Centennial Software
CapTrust Advisors Takes Over Schott Group
Goldman Sachs Takes Over Trafalgar Asset Managers
Marco Polo Network Announces Acquisition of XTF Global Asset Management
Sanders Morris Harris Group Completes Take Over of Miller-Green
Rogge Global Acquires ING Ghent
Lehman Brothers and Sansedoni to Acquire Valorizzazioni Immobiliari
Prudential Financial to Take Over GAP Asset Management
Lehman Brothers Consortium Acquires Fondi Immobiliari from UniCredit
Fortel Acquires Envit in Reverse-Takeover Deal
Sciens Capital Announces Atlas Capital Acquisition
Ameriprise Financial Takes Over H&R Block Financial Advisors
Goldman Sachs Unit Acquires Stake in Capula Investment Management
ACA Financial to Divest US Corporate Credit Asset Management Services
SBI Acquires 20% Interest in Sage Capital Funds Management
Capital Z, Paine & Partners Acquire Capital Z Asset Management
MagPipe to Take Over IM-Mag Investment Management
Fisher Investments Takes Over EconoStrat Advisory Corp
Katonah Scott’s Cove Management Acquires Scott’s Cove Capital Management
Rockwater Hedge Takes Over Charles Fish Investments
GenSpring Announces Acquisition of Inlign Wealth Management
Charlesbank Announces Acquisition of StoneCastle
Susquehanna Bancshares Announces Acquisition of Stratton Holding
BlackRock Acquires Stake in DSP Merrill Lynch
EFG Acquires Marble Bar Asset Management
Wilmington Trust Acquires UBS Fiduciary Trust
Petershill Fund Offshore Acquires Stake in Longacre Fund Management
Societe Generale Division Acquires Stake in Rockefeller Financial Services
Friedman Fleischer & Lowe to Take Over Loring Ward International
Forward Management to Take Over Accessor Capital Management
Financial Management Advisors Takes Over First Western Financial Inc.
Australian Wealth Management to Take Over Ord Minnett Ltd
Royal Bank of Canada Takes Over O'Shaughnessy
Santander to Acquire Banco Real
Kyobo Life and AXA IM Establish South Korean JV
MFC Asset Management and Citibank Enter Into Partnership

7. FOCUS ON SELECT PLAYERS

AXA Group (France)
AllianceBernstein L.P (US)
Allianz Group (Germany)
Blackrock, Inc. (US)
BNP Paribas (France)
BNY Mellon Asset Management (US)
Credit Agricole SA (France)
Credit Suisse Group AG (Switzerland)
Deutsche Bank AG (Germany)
Fidelity Investments, Ltd (US)
HSBC Holdings Plc (UK)
JPMorgan Chase & Co. (US)
J.P. Morgan Asset Management (US)
Legg Mason, Inc (US)
Merrill Lynch & Co., Inc (US)
Natixis SA (France)
Northern Trust Corporation (US)
State Street Global Advisors (US)
The Capital Group Companies, Inc (US)
The Goldman Sachs Group, Inc (US)
The Vanguard Group, Inc (US)
UBS AG (Switzerland)

8. GLOBAL MARKET PERSPECTIVE

Table 11. World Recent Past, Current & Future Analysis for Asset Management by Geographic Region - US, Japan, Europe, Singapore, Australia, Korea, India, China, and Rest of World Markets Independently Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

Table 12. World 10-Year Perspective for Asset Management by Geographic Region – Percentage Breakdown of Assets Under Management (AUM) Value for US, Japan, Europe, Singapore, Australia, Korea, India, China, and Rest of World Markets for Years 2006, 2009 and 2015 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Outlook
Retirement Plan Assets – An Overview

Table 13. Retirement Plans Market in the US (2007): Percentage Share Breakdown of Investments for Equities, Bonds, Alternative Assets and Others (includes corresponding Graph/Chart)

Use of Derivatives in Pension Funds
Wealth Management Industry
Expanding Presence of Online Investor Community
RIA Firms – A Threat to Large Wealth Management Entities
Strategies to Counter Competition
Economic Slump – Testing Times for Asset Management Companies

Table 14. % Change in Assets Under Management (Value) of Select US Asset Managers (2008) (includes corresponding Graph/Chart)

Product Launches
Strategic Corporate Developments
Key Players
AllianceBernstein L.P
Blackrock, Inc.
BNY Mellon Asset Management
Fidelity Investments, Ltd
JPMorgan Chase & Co.
J.P. Morgan Asset Management
Legg Mason, Inc.
Merrill Lynch & Co., Inc.
Northern Trust Corporation
State Street Global Advisors
The Capital Group Companies, Inc
The Goldman Sachs Group, Inc
The Vanguard Group, Inc
B. Market Analytics

Table 15. US Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

2. JAPAN

A. Market Analysis
Outlook
Asset Management Industry – An Overview
Credit Crunch & Asset Management Industry
Asset Management Firms in Japan

Table 16. Japanese Asset Management Industry (2007): Percentage Share Breakdown of Revenues for Public Investment Trusts, Investment Advisors, Trust Banks, Private Investment Trusts, and Life Insurers (includes corresponding Graph/Chart)

Pension Funds Market
Corporate Pension Assets

Table 17. Corporate Pension Plan Assets in Japan (2008): Percentage Share Breakdown of Asset Value by Scheme for DB Corporate Pension Plans, Employees’ Pension Funds, Tax Qualified Pension Plans, and Others (includes corresponding Graph/Chart)

Public Pension Assets
Comparing Investment Trusts Business with Investment Advisories

Table 18. Japanese Investment Trust and Investment Advisory Businesses (2009): Percentage Share Breakdown of Total Costs for Front Office, Back Office, Middle Office Sales and Marketing, IT Systems and Corporate Overheads (includes corresponding Graph/Chart)

Consolidation Gathers Momentum
Competitive Scenario
Strategic Corporate Developments
Key Players
Daiwa Asset Management Co. Ltd
Nikko Asset Management Co Ltd
Nomura Asset Management Co., Ltd
B. Market Analytics

Table 19. Japanese Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

3. EUROPE

A. Market Analysis
Outlook
European Asset Management Industry: An Introduction
At a Glance
Impact of Economic Crisis on Europe
Organization of European Asset Management Industry

Table 20. European Asset Management (2009): Percentage Share Breakdown of Number of companies (by Parent Group Categories) in Select Countries (includes corresponding Graph/Chart)

Product Analysis: Investment Funds Vs. Discretionary Mandates
Investment Funds
Discretionary Mandates
European Asset Management Industry – Client Profile
Clients & Services of Asset Managers

Table 21. European Asset Management Industry (2009): Percentage Share Breakdown of AuM by Client Type (Institutional and Retail) for Austria, Belgium, France, Germany, Greece, Hungary, Italy, Portugal, UK, and Europe (includes corresponding Graph/Chart)

Asset Allocation by the Industry – Preference for Bonds

Table 22. Asset Allocation in the Europe (2008): Percentage Share Breakdown of Assets Under Management (AUM) by Investment Type for France, Germany, Italy, UK, Belgium, and Total Europe (includes corresponding Graph/Chart)

Retirement Provisions – A Critical Segment of the Financial Industry
Strategic Corporate Developments
B. Market Analytics

Table 23. European Recent Past, Current & Future Analysis for Asset Management by Geographic Region - France, Germany, Italy, UK, Belgium, Rest of Europe Markets Independently Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

Table 24. European 10-Year Perspective for Asset Management by Geographic Region – Percentage Breakdown of Assets Under Management (AUM) Value for France, Germany, Italy, UK, Belgium, Rest of Europe Markets for Years 2006, 2009 and 2015 (includes corresponding Graph/Chart)

Table 25. European Recent Past, Current & Future Analysis for Asset Management by Product Segment - Discretionary Mandate and Investment Funds Markets Independently Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

Table 26. European 10-Year Perspective for Asset Management by Geographic Region – Percentage Breakdown of Assets Under Management (AUM) Value for Discretionary Mandate and Investment Funds Markets for Years 2006, 2009 and 2015

3A.FRANCE

A. Market Analysis
Outlook
France – A Major European Asset Management Market
At a Glance
Role of Asset Management Firms in France
Investment Services Offered by French Asset Management Firms
Implementing Asset Management in France
Retirement Provision in France
Product Launches
Strategic Corporate Developments
Key Players
AXA Group
BNP Paribas
Credit Agricole SA
Natixis SA
B. Market Analytics

Table 27. French Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

3B.GERMANY

A. Market Analysis
German Asset Management Industry
At a Glance
Strategic Corporate Developments
Key Players
Allianz Group
Deutsche Bank AG
B. Market Analytics

Table 28. German Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

3C.ITALY

A. Market Analysis
Overview of Asset Management Industry
Highlights
Strategic Corporate Developments
B. Market Analytics

Table 29. Italian Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

3D.THE UNITED KINGDOM

A. Market Analysis
Assets Under Management – Current Scenario
Highlights

Table 30. Funds Under Management in the UK (2008): Percentage Share Breakdown by Source for Institutional Funds, Retail Funds, Alternative Funds, and Private Clients (includes corresponding Graph/Chart)

Impact of Global Credit Crisis
Wealth Management Market – An Overview
Growth Drivers for Wealth Management Market
Pensions Market in the UK – An Insight

Table 31. Pensions Market in the UK (2007): Percentage Share Breakdown of Assets Under Management (AUM) for Occupational Schemes (Defined Benefit and Defined Contribution), Pension Insurance Contract, and Personal Pension Assets (includes corresponding Graph/Chart)

Strategic Corporate Developments
Key Player
HSBC Holdings Plc
B. Market Analytics

Table 32. UK Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

3E.BELGIUM

Market Analysis

Table 33. Belgian Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

3F.REST OF EUROPE

A. Market Analysis
Strategic Corporate Developments
Key Players
Credit Suisse Group AG (Switzerland)
ING Group N.V (The Netherlands)
UBS AG (Switzerland)
B. Market Analytics

Table 34. Rest of Europe Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

4. ASIA-PACIFIC

An Insight into Asia-Pacific Investment Management Market
Highlights
Economic Crisis - A Blessing in Disguise for Asset Managers
Demographic Trends to Lead Market Growth
Market Liberalization and Reforms
Hedge Fund Managers Move Towards Asia
Hurdles in Growth of Asset Management Industry

5. AUSTRALIA

A. Market Analysis
Asset Management Market – An Insight

Table 35. Leading Asset Managers in Australia (2008): Ranked by Total Asset Value for Colonial First State, Macquarie Bank Group, AMP, NAB/MLC, QIC, Westpac/BT, Suncorp Metway, Perpetual, and Challenger Financial (includes corresponding Graph/Chart)

Alternative Assets Management Market

Table 36. Leading Alternative Asset Managers in Australia (2008): Ranked by AUM for Macquarie Group Limited, Colonial First State Global AM, AMP Capital Investors, Macquarie Group Limited, Industry Funds Management, QIC, Lend Lease Corporation, Dexus Property Group, Industry Funds Management, and The GPT Group (includes corresponding Graph/Chart)

Superannuation Industry in Australia

Table 37. Superannuation Market in Australia (As of December 2008): Percentage Share Breakdown of Asset Value for AMP Group, National Australia / MLC Group, Commonwealth / Colonial Group, ING Australia Group, BT Financial Group, AXA Australia Group, and Others (includes corresponding Graph/Chart)

Strategic Corporate Developments
B. Market Analytics

Table 38. Australian Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

6. CHINA

A. Market Analysis
Outlook
Asset Management Industry in China - An Overview

Table 39. China’s Financial Assets (2006): Percentage Share Breakdown of Allocation for Deposits, Stocks, Cash, Insurance, and Bonds (includes corresponding Graph/Chart)

Leading Asset Managers in China

Table 40. Leading Asset Managers Domiciled in Mainland China (2008) – Ranked by Asset Value for China Asset Management, Harvest Fund Management, Bosera Fund Management, E Fund Management, China Southern Fund, Da Cheng Fund Management, and Hua An Fund Management (includes corresponding Graph/Chart)

Pension Provision in China – An Overview
Wealth Management Market – An Insight
Growth Drivers for China’s Wealth Management Industry
Challenges Facing China’s Wealth Management Industry
Hong Kong

Table 41. Fund Management Business in Hong Kong (2008): Percentage Share Breakdown of Revenues for Asset Management, Fund Advisory Business, and Other Private Banking Business (includes corresponding Graph/Chart)

Table 42. Fund Management Business in Hong Kong (2008): Percentage Share Breakdown of Revenues by Source of Fund for Licensed Corporations, Registered Institutions, and Insurance Companies (includes corresponding Graph/Chart)

Strategic Corporate Developments
B. Market Analytics

Table 43. Chinese Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

7. INDIA

A. Market Analysis
Outlook
Asset Management in India – An Introduction
At a Glance
Fund Manager Pay Packets Get Bigger
Wealth Management Market
Pension Funds Market
Mutual Funds Market

Table 44. Indian Mutual Funds Industry - Per Capita Assets Under Management (in US$) for Singapore, Brazil, UK and India (includes corresponding Graph/Chart)

Factors Driving Growth of Mutual Funds Industry
Factors Inhibiting Growth of Mutual Funds
Investor Profile
Trends in Mutual Fund Industry

Table 45. Indian Mutual Funds Market (2009E): Percentage Share Breakdown of Assets Under Management by Sector for Debt Funds, Equity Funds, Money Market Funds, and Others (includes corresponding Graph/Chart)

Distribution Channels Vary for Domestic and Foreign Players
Strategic Corporate Developments
B. Market Analytics

Table 46. Indian Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

8. SOUTH KOREA

A. Market Analysis
Strategic Corporate Developments
B. Market Analytics

Table 47. Korean Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

9. SINGAPORE

A. Market Analysis
Overview of Asset Management Market

Table 48. Funds Invested in Singapore’s Asset Management Industry (2008): Percentage Share Breakdown of Total Assets Under Management (AuM) for Equities, Bonds, Collective Investment Schemes (CIS), Alternatives, and Cash/Money Market (includes corresponding Graph/Chart)

Table 49. Funds Investment in Singapore (2008): Percentage Share Breakdown of Assets Under Management (AuM) by Region/Country for Asia-Pacific, Europe, US and Others (includes corresponding Graph/Chart)

B. Market Analytics

Table 50. Singaporean Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

10. REST OF WORLD

A. Market Analysis
Outlook
Canada
Growth in Pension Fund Earnings
Brazil

Table 51. Asset Management Industry in Brazil (2008): Percentage Share Breakdown of Investments for Fixed Income, Multimercados (Hedge Funds), Money Market, Equity, Retirement Plans, and Others (includes corresponding Graph/Chart)

Table 52. Asset Management Industry in Brazil (2008): Percentage Share Breakdown of Investments by Client Type for Institutional, Retail, Corporate, Private, and Others (includes corresponding Graph/Chart)

The Middle East
Asset Management Market Holds Vast Potential
Lack of Diversification Hurts Islamic Fund Products
Untapped Pool Funds – Area of Growth in GCC Market
Product Launches
Strategic Corporate Developments
B. Market Analytics

Table 53. Rest of World Recent Past, Current & Future Analysis for Asset Management Analyzed with Assets Under Management (AUM) in US$ Billion for Years 2006 through 2015 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 266 (including Divisions/Subsidiaries - 297)
Region/CountryPlayers
The United States
Canada
Japan
Europe
France
Germany
The United Kingdom
Italy
Spain
Rest of Europe
Asia-Pacific (Excluding Japan)
Latin America
Middle-East
Africa
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