Asset Management Firms Flashcards
Who are the Big Three asset management firms?
BlackRock, State Street, and Vanguard.
Which is the largest asset manager in the world?
BlackRock.
How much does BlackRock manage in assets under management (AUM)?
Over $10 trillion.
When was BlackRock founded and where is it headquartered?
BlackRock was founded in 1988 and is headquartered in New York.
What type of investment products does BlackRock offer?
BlackRock offers index funds, ETFs, and actively managed funds.
What is BlackRock known for?
BlackRock is known for its influential role in global financial markets and its power as a major institutional investor.
Which is the third largest asset manager?
State Street.
How much does State Street manage in AUM?
Over $4 trillion.
When was State Street founded and where is it headquartered?
State Street was founded in 1792 and is headquartered in Boston.
What services does State Street specialize in?
State Street specializes in investment management services, research, and trading support for institutional investors.
What is one of State Street’s roles as a custodian bank?
State Street provides securities lending and fund accounting.
Which is the second largest asset manager?
Vanguard.
How much does Vanguard manage in AUM?
Over $8 trillion.
When was Vanguard founded and where is it headquartered?
Vanguard was founded in 1975 and is headquartered in Pennsylvania.
What investment model did Vanguard pioneer?
Vanguard pioneered the low-cost index fund and the passively-managed, investor-owned mutual fund model.
