As of May 10, 2024, the largest mutual fund in the world was the Vanguard Total Intl Stock Index Admiral, listed under the ticker VTSAX, which had an astonishing 1.55 trillion U.S. dollars of net assets under management (AUM). However, it should be noted that this investment fund has been divided into multiple distinct products - not all of which are sold as mutual funds. Some shares in the fund are sold as an exchange traded, meaning it could be argued that, strictly speaking, the Vanguard Total Stock Market Index Fund in its totality cannot be classed as a mutual fund. A similar situation holds for several other investment funds included in this statistic.
An ETF is a basket of shares (or other financial assets) which generally tracks an underlying index. They are similar to mutual funds, with the fundamental difference that ETFs are listed on stock exchanges, with ETF shares being traded just like regular stock.
Leading mutual funds globally as of May 2024, by net assets under management (in billion U.S. dollars)
Fund name (ticker)
Net assets under management
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The average assets under management (AAUM) of the Indian mutual fund industry in March 2024 stood at Rs 55.01 lakh crore. In FY24, the industry's average AUM grew 37%. The net inflows in the open-ended equity schemes grew by 10% in March 2024 to Rs 22,633 crore as compared to Rs 20,534 crore in March 2023.
The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK) and Fidelity Investments are met by T. Rowe Price Group, Inc. (NASDAQ:TROW) in our list of the world's biggest mutual fund companies.
To make sense of this landscape, I've classified organisations based on size - Start-up vs Mid-size vs Big Fund. I'll classify mid-sized as having assets under management (AUM) of between 1 to 10 billion and big funds, those with AUM exceeding 10 billion.
BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with US$10 trillion in assets under management as of December 31, 2023. Headquartered at 50 Hudson Yards in Midtown Manhattan, New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.
A larger AUM generally indicates that a fund is well-established and has the resources to attract more investors and make larger investments. This can be attractive to investors who are looking for a fund with a solid track record and strong growth potential.
BlackRock Funds top the list in terms of assets held by a single fund family, followed by other familiar names such as Vanguard, Charles Schwab, State Street Global Advisors, and Fidelity Investments.
Private equity titan Blackstone is the top in the United States and the world, raising $125.6 billion in capital from 2018 to 2023. Headquartered in New York, Blackstone's total assets under management stood at $991 billion as of the first quarter of 2023, and have since surpassed $1 trillion this year.
Introduction: My name is Greg Kuvalis, I am a witty, spotless, beautiful, charming, delightful, thankful, beautiful person who loves writing and wants to share my knowledge and understanding with you.
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