The professional management of financial securities is called investment management. Investment management is the professional asset management of various securities and other assets in order to meet specified investment goals for the benefit of the investors.
Asset Management Firms
Investment management involves the professional management of various assets and financial securities in order to earn a maximum benefit. Corporations, insurance companies and pension funds are the main investors in asset management firms. Private investors also invest both directly and in collective investments like mutual funds.
Fund management is another term that defines both the investment management for private investors and all sorts of institutional investment.
Over the years, investment management has become a large and important global industry in its own accord and is responsible for handling trillions of dollars, pounds, Euros and yen each year. Many of the largest companies of the world are now taking part in the investment management industry and now employ millions of staff.
Investment managers are responsible for discerning the best investment strategy for the maximum gain out of an investment from the current financial market. They specialize in advisory or discretionary management for their private investors. Their services are sometimes termed wealth management or portfolio management. Financial analysis, stock selection, asset selection and ongoing monitoring of investments are important components of the investment manager’s job.
Globally, the investment management industry is increasing rapidly. In 2006, the assets of the global fund management industry reached a record high of $55.0 trillion, 10% higher than 2005 and 54% more than 2002.
Top 10 Asset Management Firms:
- Barclays Global Investors (UK)
- Fidelity Investments (USA)
- State Street Global Advisors (USA)
- Capital Group Companies (USA)
- The Vanguard Group (USA)
- Legg Mason (USA)
- Allianz Global Investors (Germany)
- Bank of New York Mellon (USA)
- JPMorgan Asset Management (USA)
- Deutsche Asset Management (Germany)
Source: Global Investor Awards