[OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit SuisseSubmitted by giteam t3_11wmpq4 in dataisbeautiful
chillord t1_jd084f6 wrote
Reply to comment by [deleted] in [OC] UBS is now the world's 3rd largest asset management firm after acquiring Credit Suisse by giteam
Just from a semi-layman perspective: BlackRock is a company that's dishing out a ton of ETFs like the MSCI World. So they have these assets "in management" but actually just buy the underlying shares and earn management fees. There isn't really any risk involved for this type of business since it's 100% collaterized.
To gain a full perspective, we would need to see a diagram that explains in detail which asset classes are managed and how the percentages add up.
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