SWFI Completes First Annual Fixed Income Asset Manager Perception Study
SEATTLE, Wash. – 3 November 2015 – SWFI has released its first annual perception study on asset managers focusing on fixed income with regard to global asset owners. The study was conducted over a period of six months starting in May 2015. The results shed light on where asset owners’ fixed income managers are ranked among peers. SWFI staff interviewed asset owners globally through a variety of means to obtain the information. The sample includes the following types of investors globally: pensions, sovereign funds, central banks, endowments, superannuation funds and other non-commercial institutional investors.
DETAILS
SWFI research staff surveyed asset owners on a number of criteria: investment capabilities, performance, relationship management and education. Some questions surveyed include the manager’s ability to achieve strong performance and perception on relationship management skills.
KEY FINDINGS
BlackRock presented itself as a top destination in fixed income for many pensions and sovereign wealth funds. Goldman Sachs Asset Management, meanwhile, claimed the #2 spot in several categories. PIMCO was counted among the top #5 in many categories. Large custodial banks struggle to rank highly on fixed income asset management compared to pure play asset managers. JPMorgan and Goldman Sachs are exceptions.
Firms graded in the study:
| Fixed Income Asset Managers Ranked |
|---|
| Aberdeen Asset Management |
| Amundi |
| AXA Investment Managers |
| BlackRock |
| BNP Paribas Asset Management |
| BNY Mellon Asset Management |
| Deutsche Bank Asset Management |
| Fidelity Investments |
| Goldman Sachs Asset Management |
| JP Morgan Asset Management |
| Legg Mason (includes Western and Brandywine) |
| Loomis Sayles |
| Northern Trust Asset Management |
| PIMCO |
| Principal |
| Schroders |
| Standard Life Investments |
| State Street Global Advisors |
| Voya Asset Management |
| Wellington Management Company |
Below is a sample of one of the factors in the study
| Investment Staff Capabilities | RANK |
|---|---|
| BlackRock | 1 |
| Goldman Sachs Asset Management | 2 |
| JP Morgan Asset Management | 3 |
| Legg Mason (includes Western and Brandywine) | 4 |
| PIMCO | 5 |
To see the full rankings, methodology and final report, please contact, Carl Linaburg @ clinaburg@swfinstitute.org.
About SWFI
SWFI is a global organization designed to study sovereign wealth funds, pensions, central banks and other long-term investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant topics. For more information about the SWFI, please go to www.swfi.com | www.swfinstitute.org.
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