Assets under management (AUM) in Europe have grown almost annually from 2008 to 2021 to 32.2 trillion euros. AUM, covers all client funds and assets that are managed on their behalf by a financial institute. These asset management companies include mutual fund, venture capital firms and brokers.
Country rankings
In 2018, the top five countries for management firms in Europe held more than
18 trillion euros in assets under management. The United Kingdom alone held close to nine trillion euros in AUM, which accounted for
over one third of the total held in Europe. The United Kingdom’s
leading asset manager, Legal & General Investment Management held approximately 1.9 trillion at the end of 2022.
Global Asset managers
Legal and General may be the leading asset manager in Europe, but globally
they are outside of the top ten. On a worldwide scale, the
United States and Europe sit far ahead in assets under management.