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2 Largest Asset Managers Combine For Over $485B In Total Assets – 71% Of Top 10’s Total Assets

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Brookfield Asset Management (BAM) and BlackRock, Inc (BlackRock) are two of the largest asset management companies worldwide. The two dominate their peers in the top 10 rankings of the largest asset managers by total assets. Notably, the two asset managers take a very different approach to investment, but both have experienced great success in each of their niches. According to data presented by TradingPlatforms.com, two of the world’s largest asset managers, Brookfield Asset Management and BlackRock, Inc., account for 71% of the combined total assets of the entire top ten list of largest asset managers.

Brookfield and BlackRock combine for almost $500B In Total Assets

The ten largest asset management companies in the world have over $677B combined total assets as of 2021. BAM’s total assets stand at an estimated $316B making it the largest asset management company worldwide followed by BlackRock’s total assets of almost $169B. The two companies combined account for 71% of the top ten’s entire total assets.

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The success of the two companies was a result of two different approaches to investment. BAM’s principal investments are made in real estate and infrastructure while BlackRock’s largest share of investments is in Exchange Traded Funds (ETF).

BAM Records Best Ever Quarter To Close Strong 2020

Brookfield Asset Management recorded its strongest ever quarter at the end of 2020, setting them up for a strong 2021. BAM recorded its highest quarterly net income of $1.8B in Q4 2020, an increase of 10.8% YoY. Funds From Operations in Q4 2020 also rose dramatically to $2.1B – a 74% YoY increase.

BAM also invested heavily in 2020 setting up the foundation for further real estate investments. As CEO Bruce Flatt noted: “we expect 2021 to also be strong as we enter another important phase for our business. We recently started our next round of flagship fundraising…We invested $44 billion in 2020, while pausing dispositions; but with strong capital markets our activity has picked up dramatically in the first quarter of 2021.”

BlackRock Largest Asset Manager By Assets Managed

BlackRock differs from BAM in that its main business is in asset management as an ETF provider. As of February 2021, BlackRock was by far the largest ETFs provider with managed assets of an estimated $2.1T

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Rex Pascual Finance News Writer

Rex Pascual Finance News Writer

Rex is an Editor who specializes in creating high-quality content about Esports, Sports, Finance, CBD and Tech. Rex is an experienced SEO writer who is passionate about creating content that is user-focused. 

Before working with Finixio, Pascual worked as a Senior Contributor for GiveMeSport, an SEO Content Executive for Gamesys and a Freelance Write for Write Label. Rex developed his content writing skills while studying at University where he received a Bachelor of International Studies. 

Rex is active in the finance space and uses his industry knowledge to write regular news posts for Trading Platforms. He uses accurate sources to deliver content that is timely, helpful and informative.