Our regular asset class and country surveys provide a detailed overview of developments in each market, including asset class growth, client breakdown and asset managers’ market share. Data is collected from leading global managers and include our European institutional league table, with aggregated mandate by asset managers from European pension funds and insurance companies.
The team complements each survey with In-depth commentary and visual content.
In this section, users will find up-to-date summaries of our latest asset class and country surveys, which provide the headline data and highlights. Subscribers will find the full datasets, including detailed strategy level data and information.
European institutional investors hold just shy of €2trn in global equities, up from €1trn in 2022. The assets held in global equities by European institutions have nearly doubled, no doubt thanks to the meteoric rise of equity valuations in the post-COVID years.
The assets managed on behalf of Nordic institutional investors have grown handsomely since the 2022 trough, increasing by almost 57%, while those managed on behalf of Nordic pension funds have grown by 50% over the same period.
The assets managed on behalf of Dutch institutional investors have grown for three consecutive years, approaching the highs of 2022. APG, the managers of the government employees’ pension fund ABP, tops the AUM ranking.
Global equity optimism rises despite political turmoil and supply-chain risks
Though very few analysts expect equities and bonds to fall across the board, with the exception of Japan, the ‘neutral’ vote is very high
Neutral positioning of analysts over the summer masks an overall pessimistic mood
Trump’s attempts to undermine international trade and the US Federal Reserve are turning analysts against US assets, while good news out of Europe reinforce the case for appreciation of European assets
US President Donald Trump remains the main source of global political risk. In recent weeks, he has ramped up pressure on Russia over the ongoing war in Ukraine while the success of his interventions in Israel’s dual conflicts with Hamas and Iran is uncertain.
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Total assets in emerging market debt managed on behalf of global investors have been volatile in terms of size.
IPE’s 2025 institutional high yield market survey charts an 8.5% drop in high yield managed assets within the European institutional client segment.
This year’s substantial increase in French pension assets (+18%) reflects the broad shift from insurance-based savings under the Solvency II regime to IORPs.
Domestic players continue to dominate Italy’s insurance-heavy €787bn institutional asset management market, with Generali Asset Management, Intesa Sanpaolo’s Eurizon and Banco BPM’s Anima taking the top slots.
At the end of last year, global managers held €3.9trn of assets on behalf of UK institutional investors, in line with 2023. AUM growth was flat also for UK pension fund clients.