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Rating:Fidelity Loses Top Spot in Manager Rankings Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 13, 2004

Fidelity Loses Top Spot in Manager Rankings

by: Theresa Sim

There's something different about this year's Institutional Investor top 300 money manager rankings. Firms whose primary business is mutual funds are taking a backseat to more diversified financial services firms.

State Street Global Advisors (SSgA) and Barclays Global Investors finished first and second, beating out Fidelity.

Fellow fund firm the Capital Group maintained its fourth spot from last year, but Vanguard edged up one spot.

SSgA grew assets under management by 44.2 percent, more than double Fidelity's 22 percent growth. Barclays Global Investors (BGI) grew assets by 43.6 percent.

This year was the first in II 300's 30-year rankings where an index manager came in first place. BGI is also an index manager.

Total assets managed by II 300 firms increased by 18 percent.

Who are the Heavyweights?
The II 300 Top Money Managers (by Rank)
Manager 2003 Assets ($mil) 2002 Assets ($mil) % Change
State Street Global Advisors 1,100,264 762,947 44.2%
Barclays Global Investors 1,070,200 745,500 43.6%
Fidelity Investments 963,986 794,167 21.4%
Capital Group Cos. 814,006 551,673 47.6%
Citigroup 608,985 534,767 13.9%
Mellon Financial 588,968 522,349 12.8%
J.P. Morgan Fleming Asset Management 558,998 515,598 8.4%
AXA Group 547,069 429,877 27.3%
Vanguard Group 503,347 410,195 22.7%
Merrill Lynch Investment Managers 499,677 462,007 8.2%
Source: Institutional Investor
 

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