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US buyers snap up Europe’s asset managers at fastest rate in decades (www.ft.com)
submitted 5 days ago by CAVOK@lemmy.world to c/europe@feddit.org
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Paywall? https://www.removepaywall.com/search?url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fdd605c6f-8a6e-4664-970b-f4c07ea7a4d2%3Fsyn-25a6b1a6%3D1

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[-] plyth@feddit.org 11 points 5 days ago

In contrast, US asset managers are winning a greater share of European assets and now manage nearly half of European assets at 47 per cent, up from 40 per cent five years ago, according to Brussels-based think-tank Bruegel.

He noted that American groups such as BlackRock and Vanguard have been “propelled by their consolidation of the region’s [exchange traded funds] market, now 64 per cent under American control”.

https://en.wikipedia.org/wiki/Exchange-traded_fund

Not to forget that the ETFs do the voting and control the board and management.

[-] AviAdi@lemmy.world 11 points 5 days ago

EU becoming the vassal state of US interests, this is what happens when the people of Europe fail to invest in their own interests

[-] captain_aggravated@sh.itjust.works 6 points 4 days ago

No it isn't. It has always been since its formation.

[-] DmMacniel@feddit.org 5 points 4 days ago

I doubt that the people of Europe who invest in ETFs actually care what they are investing in.

[-] plyth@feddit.org 3 points 4 days ago* (last edited 4 days ago)

That's the problem. If the ETFs have more than 50% they can tell the European companies e.g. to use American hyperscalers or to build new plants outside of the EU.

[-] copacetic@discuss.tchncs.de 3 points 4 days ago

The people of the USA have a lot more money to invest. We need our money to pay for US tech after all.

[-] UnfortunateShort@lemmy.world 3 points 4 days ago

Wait, but Europeans are probably holding significant shares of said investment corporations... Did they take that into account?

[-] plyth@feddit.org 1 points 4 days ago

What do you mean? ETFs don't necessarily control all companies. So some Europeans could still be in control. But 47% of all assets suggests that the US already control much.

this post was submitted on 23 Aug 2026
32 points (97.1% liked)

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