BlackRock has almost doubled its market share of the UK asset management industry over the past decade, as the concentration of assets among the largest firms continues.
According to analysis by LSEG Lipper, BlackRock has increased its share of total net assets in the UK from 8.3% to 15.6% between 2013 and 2023, reflecting a wider trend of concentration across industries. Over the past ten years, total net assets in the UK asset management industry have doubled, from £1.02trn to £2.04trn, while BlackRock has seen its UK total net assets increase from £84bn to £318bn, calculated based on UK registered for sale mutual fund and ETF total net assets, with currency of record GBP. M&A activity in wealth management sector set for significant rise LSEG Lip...
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