Income Makes Market Turn as Allianz Leads 2012 Euro 100 There are no changes at the top of the 2012 Euro 100 as German insurer Allianz Group returns in the No. 1 position, with €1.9 trillion ($2.5 trillion) in assets as of June 30, followed by France’s AXA, Swiss bank UBS, France’s Amundi and New York–based BlackRock.
Total assets of the 100 top firms stood at €18.6 trillion at the end of June, up €1.1 trillion, or 6.29 percent, from a year earlier.
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How the Ranking Was Compiled To compile this ranking, Institutional Investor surveyed banks, insurance companies, pension funds, hedge fund managers, independent fund managers and foreign money management firms with registered offices in Europe. European companies and companies headquartered in Europe were asked to report global assets under management. Non-European companies were asked to report only European-derived assets (invested domestically or internationally) and non-European assets slated for investment in Europe. Senior Editor Jane B. Kenney gathered the data from questionnaires completed by the institutions themselves. This information was supported by annual reports, additional reporting and follow-up faxes and telephone calls.
The numbers are as comparable as possible, considering the different accounting practices in Europe. Assets are stated in euros. In some cases assets at continental European institutions are higher than reported because their accounting rules require that they value assets at the lower of cost or market value. As a result of currency conversion and rounding, not all columns add up. Unless otherwise specified, 2012 assets are as of June 30, 2012, and 2011 assets are as of December 31, 2010. Asset totals for 2011 may differ from those previously published and totals for 2012 may differ from portfolio or subsidiary sums because of rounding.