Tuesday, August 3, 2010

Statistics in Trillions of Dollars

BlackRock, Pimco, and Vanguard hold $6 trillion in assets and other trillion trivia statistics. This is a post about trillions.

Which firms are trusted with the trillions of investment capital? How much is at Pimco? Blackrock? Chase? What is the global sovereign debt amount? Global bank assets? Global capital market valuation? The value of all of the world's gold? Plus there are some trillions of debt numbers thrown in, just for fun. It's all below.
(Note: Compiled on August 3, 2010.)

On the asset side:

  • As of March 31, 2010, BLACK ROCK’s assets under management total US$3.36 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. (source)

  • The VANGUARD GROUP is an American investment management company that manages approximately $1.4 trillion in assets, based in Malvern, Pennsylvania. (source)(cnbc)

  • PIMCO’s assets under management have grown steadily, to $1.2 trillion. (source)

  • JPMORGAN CHASE & Co. is one of the oldest financial services firms in the world. It has operations in 60 countries. It is a leader in financial services with assets of $2 trillion, and the largest marketcapitalization and third largest deposit base U.S. banking institution behind Wells Fargo and Bank of America. The hedge fund unit of JPMorgan Chase is the largest hedge fund in the United States with $53.5 billion in assets as of the end of 2009. (source)

  • Bank of America Corp.'s wealth management unit, which includes Merrill Lynch, boasts nearly $2 trillion in client assets. Of that total, $1.4 trillion is at Merrill Lynch, which saw a decline from $1.45 trillion the previous quarter. (source)

  • Morgan Stanley had $1.6 trillion in client assets 1st Qtr 2010 (source)

  • Wells Fargo & Co. had $1.25 trillion in client assets 1st Qtr 2010 (source)

  • Globally, private banks managed about $16.5 trillion at the end of 2009, up from $14.5 trillion at the end of 2008, mainly due to improved market performance. The sector currently manages only 42 percent of the about $40 trillion of investable assets belonging to those with at least $1 million to spare, known as high-net worth individuals....The top five players, Bank of America, UBS, Morgan Stanley, Wells Fargo and Credit Suisse, together control 41.5 percent of the market and are performing better than many niche players.(source)

  • Assets of the largest 1,000 banks in the world grew by 6.8% in the 2008/2009 financial year to a record $96.4 trillion. (source)

  • $2.18 trillion remains in money market funds (source)

  • $3 trillion in currency swaps and forward contracts are traded every day. (source)

  • Hedge fund assets are $2.7 trillion (source)

  • The current value of all stocks around the world is $46.8 trillion. 3/2010 (source)

  • $700 trillion = notional value of global derivatives contracts. (source)

  • A total of 161,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.175 billion troy ounces, which, at $1200 per troy ounce, would be $6.2 trillion. (source)

  • The 2009 net worth of the 400 richest U.S. citizens is $1.27 trillion. (source)

On the debt side:

  • Amounts outstanding on the global bond market increased 10% in 2009 to a record $91 trillion. Domestic bonds accounted for 70% of the total and international bonds for the remainder. The US was the largest market with 39% of the total followed by Japan (18%). Mortgage-backed bonds accounted for around a quarter of outstanding bonds in the US in 2009 or some $9.2 trillion. The sub-prime portion of this market is variously estimated at between $500bn and $1.4 trillion. Treasury bonds and corporate bonds each accounted for a fifth of US domestic bonds. ... The outstanding value of international bonds increased by 13% in 2009 to $27 trillion. (source)

  • The municipal bond market is roughly $2.7 trillion. (source)

  • U.S. insurers hold more than $2.2 trillion in corporate debt. (source)

  • Bernanke cited recent studies that put unfunded state pension liabilities as high as $2 trillion and retiree health benefit liabilities at $600 billion. (source)

  • $3 trillion in commercial real estate debt remains on bank books (down from a peak of $6 trillion in 2007). (source)

  • $10 trillion is the current U.S. residential mortgage debt (housing stock value is $16 trillion, down from a $23 trillion peak) (source)

  • $5 trillion of the $10 trillion in mortgage debt is held by government entities like Fannie and Freddie. (source)

  • $1.25 trillion is the amount of mortgage backed securities the Federal Reserve has acquired.

  • $13.3 trillion = U.S. gross national debt amount.

  • U.S. GDP = $14 trillion (source)

  • Medicare & Medicaid unfunded liability (75 years out) $38 trillion (source)

  • Social security unfunded bill (75 years out) $7-8 trillion (source)

  • Total U.S. unfunded debt is $62 trillion (source)

  • U.S. Public debt owned by foreigners has increased to approximately 50% of the total or approximately $3.4 trillion. (source)

  • According to the Bank for International Settlements, at year end 2009 worldwide sovereign debt exceeded $34 trillion, and is greater than the amount of corporate bonds outstanding. (source)

  • Defense-related expenditures outside of the Department of Defense constitute between $216 billion and $361 billion in additional spending, bringing the total for defense spending to between $880 billion and $1.03 trillion in fiscal year 2010. (source)

A look at the 10 largest economies in the world by Gross Domestic Product for 2009, according to the International Monetary Fund. Figures all are in U.S. dollars:

  • United States $14.26 trillion

  • Japan $5.07 trillion

  • China $4.91 trillion

  • Germany $3.35 trillion

  • France $2.68 trillion

  • United Kingdom $2.18 trillion

  • Italy $2.12 trillion

Remember what a trillion is?

  • trillion = 1,000,000,000,000 = 10^12

  • A million million

  • A million seconds is about 11 1/2 days. In contrast, a billion seconds is over 31 1/2 years. A trillion seconds is 31,688 years.