The Ten Largest Mutual Fund Companies
Size isn’t everything in the mutual fund business. As we all know, doing the opposite of what is popular can often pay great dividends in the investing business. And the top 10 mutual fund companies are, by definition, the most popular of the bunch.
But with size comes certain advantages…
Economies of scale lead to lower expenses. Some of the better mutual fund companies, such as Vanguard, pass those savings on to investors in the form of lower mutual fund expenses.
Larger size presumably means more stability. While this isn’t always true, it’s far less likely a huge mutual fund company like Fidelity will run off with your money than a small-time basement operation with $50 million in assets.
Larger mutual fund companies tend to have better customer service in my experience, although there are of course exceptions. In particular, I’ve heard a lot more complaints about Vanguard’s customer service of late than I have in years past.
Note: You can get further information on each of the mutual fund companies below by signing up for a free Morningstar.com account and browsing their fund family information pages or by visiting the company’s website directly.
Without further ado, here are the ten largest mutual fund companies by assets.
Ten Largest Mutual Fund Companies By Assets
The latest data I could find were Q3 2008 figures.
| Mutual Fund Company | Assets Under Management (AUM) | |
| 1 | The Vanguard Group | $957 Billion |
| 2 | American Funds | $931.5 Billion |
| 3 | Fidelity | $717 Billion |
| 4 | Barclays Global Investors | $287 Billion |
| 5 | Franklin Templeton Investments | $256.7 Billion |
| 6 | Pimco Funds | $218.7 Billion |
| 7 | T Rowe Price Investments | $192.1 Billion |
| 8 | State Street Global Investors | $176.8 Billion |
| 9 | Oppenheimer Funds | $129.9 Billion |
| 10 | Dodge & Cox | $118.2 Billion |
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what is your source for Mutual Funds by Asset? You mention Morningstar, but is that your source?