Mizuho bumps State Street in list of three largest managers
JAPAN - Mizuho Trust & Banking has broken into the top three largest asset managers in Japan, displacing State Street Global Advisors Japan (SSgA), a quarterly report by the Japan Pensions Industry Database showed.
Sumitomo Trust & Banking maintained its top slot with JPY14.7trn (US$162bn) in assets managed for Japanese defined benefit pension schemes, while Barclays Global Investors stayed in second place with JPY14.4trn....
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