Vanguard and BlackRock are the asset managers with the highest inflows in the last year, says the Financial Times based on Morningstar data. Considering fund flows until the end of November, Vanguard received net inflows of 223 billion US-Dollar and BlackRock of 124 billion Dollar respectively. The third place is taken by Fidelity with 41 billion in net inflows, closely followed by Amundi.
The reason for the good performance of Vanguard and BlackRock is, says the report, the booming business with ETFs. Four of the five most successful fund managers of the past year have a sizeable business with passive products. But not all passive asset managers could profit from this trend. State Street, the third largest provider of passive funds, lost 14 billion US-Dollar during the first eleven months of 2015 due to huge outflows of their S&P 500 ETF amounting to 36 billion Dollars as managers rebalanced their portfolios.
Asset managers with the worst performance in the just finished year were Pimco and Franklin Templeton. Pimco lost a total of 79 billion Dollar, somewhat due to the leave of their co-founder Bill Gross. Franklin Templeton lost 42 billion US-Dollar due to the increase in volatility and uncertainty in emerging markets.