State Street Global Advisors (SSGA) continued to manage the largest dollar amount of mandates for the third consecutive quarter despite a slight drop in market share, according to Morningstar's latest report.
SSGA had a market share of 9.6 per cent for the June quarter with $43 billion in mandates.
The firm, however, fell slightly in terms of market share, dropping from 10.4 per cent in March to 9.6 per cent in June.
The second largest manager was Macquarie Bank with 8.3 per cent market share and $37 billion in mandates. Vanguard was ranked third with 7.3 per cent of the market and $37 billion in mandates.
For the first time, ING Investment Management made it into the top 10 rankings, after the demerger with ING/ANZ Group.
The firm is now ranked number four in terms of aggregate mandate size with 7.1 per cent market share and $32 billion in mandates.
