Blackrock reinforces dominance in European fund industry

Blackrock now manages more European investor money than the next two largest asset managers combined after the US-based asset manager saw strong inflows during the first quarter of 2016, according to data provided by Lipper.

Blackrock reinforces dominance in European fund industry

Blackrock saw €6.2bn in net inflows during the first three months of the year, mainly into its iShares business. This contrasts with the net outflows suffered by the wider industry during the quarter. Blackrock now has €562.1bn in assets under management in Europe-domiciled funds, compared to €525.9bn for runners-up Amundi and Deutsche Bank combined.

Even though Blackrock reinforced its leadership position in terms of AuM, it was beaten by Generali as far as Q1 net inflows are concerned (see chart). The Italian asset management firm generated the bulk of its net inflows (€6.7bn) from its home market, according to data from Assogestioni, the Italian asset management association. 

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Tjibbe Hoekstra

Senior Reporter

Tjibbe joined Expert Investor as a senior reporter in March 2014. Before moving to London he worked as a financial news reporter for various news outlets in Amsterdam, including Reuters and ANP, the main news agency in the Netherlands. He also worked for Fondsnieuws, a website and magazine for finance professionals in the Netherlands. Tjibbe holds a MSc in Public Administration and a post-graduate diploma in Journalism.



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