Figure 1.1 includes all OECD, G20 and FSB members, except for Costa Rica and Russia. The category “Asset managers” includes investors identified as: Bank, Bank Branch, Broker, Brokerage, Extinct, Fund of Funds Manager, Fund of Hedge Funds Manager, Hedge Fund, Hedge Fund Manager, Investment Adviser, Investment Managers, Market Maker, Mutual Fund Manager, Mutual Fund-Closed End, Mutual Fund-ETF, Mutual Fund-Open End, Private Equity, Private Equity Fund/Alternative Inv., Real Estate Manager, Research Firm, Stock Borrowing/Lending, Trust/Trustee, Umbrella Fund, Venture Capital Fund, Venture Capital/Private Equity. The category “Asset owners” includes investors identified as: 401k, Bank Investment Division, College/University, Family Office, Foundation, Foundation/Endowment Manager, Insurance Company, Public Pension Fund, Pension Fund, Public Pension Fund Manager, Pension Fund Manager, Private Banking/Wealth Management, Sovereign Wealth Fund, Sovereign Wealth Manager.
Figure 1.4 includes the assets under management of the largest asset managers globally. “Asset managers” in this figure include the following institutions: (i) firms identified solely as “Asset Managers” by the Industry Classification Benchmark in LSEG (thus excluding custodian banks and other financial institutions whose main business is not asset management); (ii) Vanguard Group and Fidelity, for which information was collected separately from their webpages and financial press articles; (iii) all other financial institutions excluding custodian banks. The values include assets under management in open‑end and exchange‑traded funds, as in the two following figures, and it also embarks assets in closed-end funds and other vehicles. The values are adjusted by the 2024 US Consumer Price Index.
Figure 1.5 includes the total assets under management of open-end funds and funds by the end of 2024. Funds were classified as index or non-index based on their categorisation by Morningstar Direct. Panel A presents the evolution of total AUM of index and non-index funds. Panel B presents the distribution of AUM among asset classes for index and non-index funds at the end of 2024. This distribution was computed based on classification in asset classes by Morningstar Direct. The figure includes all OECD, G20, and FSB members, except Costa Rica, Czechia, Hungary, India, Poland, the Slovak Republic, Slovenia and Russia.
Figure 1.6 includes the total assets under management of open-end funds and exchange‑traded funds by countries at the end of 2024. Funds were classified as index or non-index based on their categorisation by Morningstar Direct. The figure includes all OECD, G20, and FSB members, except Costa Rica, Czechia, Greece, Hungary, India, Poland, the Slovak Republic, Slovenia and Russia.
Figure 1.7 includes the total assets under management of open-end and exchange‑traded funds. Funds were classified as having sustainability objectives or criteria based on Morningstar Direct considering them to be ESG intentional investments. This is the case for a fund if in the prospectus or other regulatory filings it is described as focussing on sustainability, impact investing, or environmental, social or governance factors. Funds must claim to have a sustainability objective, and/or use binding ESG criteria for their investment selection to be included. Funds that employ only limited exclusions or only consider ESG factors in a non-binding way are not included. The figure includes all OECD, G20, and FSB members, except Costa Rica, Czechia, Hungary, India, Poland, the Slovak Republic, Slovenia and Russia.