SI’s “Mutual Fund Management Companies Rankings & Analysis” report listed Vanguard with $1.6 trillion in assets at the end of the year (13.1% of market share), and Fidelity having $1.3 trillion (11.2% of market share). American Funds ($977 billion), BlackRock ($801 billion), and PIMCO/Allianz Global ($461 billion) rounded out the top five of the largest fund managers.
Vanguard also topped the 2010 fund flow ranking, taking in $77.8 billion for the year, followed by PIMCO/Allianz Global which had year-to-date net new flows of $65.1 billion.
According to the SI report, Vanguard held the largest market share of the stock/hybrid and bond fund managers market (15.21%), followed by American Funds (10.41%), and Fidelity (9.57%). However, Fidelity holds the largest share of the money market fund managers market (16.46%), with JPMorgan Funds (10.34%) and Federated (8.67%) rounding out the top three.
When it comes to funds of funds (both lifecycle and non-lifecycle) though, Fidelity pulls ahead of Vanguard with $172.5 billion in assets – more than a quarter (25.89%) of the market share. Vanguard held $119.6 billion in fund of fund assets at the end of 2010 (17.96% of market share), and T. Rowe Price held nearly 10% of the market share, or $65.6 billion.
The top exchange-traded funds manager was BlackRock, with $449 billion in assets (44.61% of the market) as of the end of 2010. State Street Global Advisors held $235 billion in exchange-traded fund assets (23.34% of market share), and Vanguard held $148 billion (14.74% of market share).