Catenaa, Tuesday, August 12 2025- A “super league” of US asset managers is outpacing European rivals, more than doubling their assets under management in the region over the past decade and commanding an increasingly dominant share of the market, new data show.1
BlackRock, Vanguard and JPMorgan Asset Management lead the charge, overseeing $4.9 trillion in Europe and the UK as of May, up from $2.2 trillion 10 years ago, according to ISS Market Intelligence.
The three largest US firms now hold half the market share among American groups operating in Europe.
By contrast, the UK’s assets under management grew from $1.2 trillion to $2 trillion over the same period, while France rose from $870 billion to $1.5 trillion. Switzerland and Germany each doubled to $1.4 trillion.
Analysts attribute the surge to the rise of passive investing and the popularity of low-cost exchange traded and index funds, areas dominated by US heavyweights. BlackRock manages $1.4 trillion in ETFs and tracker funds in Europe and the UK, while Vanguard, which entered the London market in 2009, holds $442 billion.
Executives at JPMorgan and AllianceBernstein see opportunities in active strategies, though they acknowledge the competitive edge of US scale.
The shift comes as investors seek to diversify away from pricey US equities into European assets.
- https://www.ft.com/content/74b8a59b-d596-46fa-83fd-e3702d057581[↩]
