EXERCISE 2: DATA SET FOR GLOBAL TOP 25 ASSET MANAGERS

RANK COMPANY COUNTRY TOTAL AUM [$ in bn]

1 Blackrock US 7,318
2 Vanguard Group US 6,100
3 UBS Group Switzerland 3,518
4 Fidelity Investments US 3,319
5 State Street Global Advisors US 3,054
6 Allianz Group Germany 2,530
7 JP Morgan UA 2,511
8 Goldman Sachs US 2,057
9 Bank of New York Mellon US 1,961
10 PIMCO US 1,920
11 Morgan Stanley US 1,901
12 Amundi France 1,791
13 Capital Group US 1,700
14 Prudential Financial US 1,605
15 Credit Suisse Switzerland 1,521
16 Franklin Resources US 1,428
17 Deutsche Bank Germany 1,368
18 Northern Trust US 1,258
19 Legal & General Trust UK 1,232
20 BNP Paribas France 1,221
21 Bank of America US 1,220
22 T. Rowe Price US 1,218
23 Invesco Limited US 1,145
24 TIAA US 1,143
25 Wellington Management Co. US 1,100
55,139
Percentage of Total AUM Cumulative AUM Cumulative % ABC Classification
13.27% 7,318 13.27% A
11.06% 13,418 24.33% A
6.38% 16,936 30.72% A
6.02% 20,255 36.73% A
5.54% 23,309 42.27% A
4.59% 25,839 46.86% A
4.55% 28,350 51.42% A
3.73% 30,407 55.15% A
3.56% 32,368 58.70% A
3.48% 34,288 62.18% A
3.45% 36,189 65.63% A
3.25% 37,980 68.88% A
3.08% 39,680 71.96% A
2.91% 41,285 74.87% A
2.76% 42,806 77.63% A
2.59% 44,234 80.22% A
2.48% 45,602 82.70% B
2.28% 46,860 84.99% B
2.23% 48,092 87.22% B
2.21% 49,313 89.43% B
2.21% 50,533 91.65% B
2.21% 51,751 93.86% B
2.08% 52,896 95.93% B
2.07% 54,039 98.01% C
1.99% 55,139 100.00% C
100%
 COMPANY TOTAL AUM [$ in bn] Cumulative AUM Cumulative %
Blackrock 7,318 7,318 13.27%
Vanguard Group 6,100 13,418 24.33%
UBS Group 3,518 16,936 30.72%
Fidelity Investments 3,319 20,255 36.73%
State Street Global Advisors 3,054 23,309 42.27%
Allianz Group 2,530 25,839 46.86%
JP Morgan 2,511 28,350 51.42%
Goldman Sachs 2,057 30,407 55.15%
Bank of New York Mellon 1,961 32,368 58.70%
PIMCO 1,920 34,288 62.18%
Morgan Stanley 1,901 36,189 65.63%
Amundi 1,791 37,980 68.88%
Capital Group 1,700 39,680 71.96%
Prudential Financial 1,605 41,285 74.87%
Credit Suisse 1,521 42,806 77.63%
Franklin Resources 1,428 44,234 80.22%
Deutsche Bank 1,368 45,602 82.70%
Northern Trust 1,258 46,860 84.99%
Legal & General Trust 1,232 48,092 87.22%
BNP Paribas 1,221 49,313 89.43%
Bank of America 1,220 50,533 91.65%
T. Rowe Price 1,218 51,751 93.86%
Invesco Limited 1,145 52,896 95.93%
TIAA 1,143 54,039 98.01%
Wellington Management Co. 1,100 55,139 100.00%
55,139
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