Combined AUM at 10 Major Asset Managers Fell 1.3% in October

Combined assets under management (AUM) across 10 major asset managers fell 1.3% in October, following another monthly decline in September as equity markets weakened ahead of the U.S. midterm elections.

October’s decrease was smaller than September’s 1.8% drop. The S&P 500 fell 0.9% during October.

Cohen & Steers led the group with a 3.86% AUM increase. Virtus Investment had the largest decline, at 5.23%. Victory Capital and Franklin Templeton also gained during the month. AllianceBernstein’s October AUM increase was among the gains.