The Asia-Pacific asset management industry in 2025 was defined by a remarkable period of expansion and strategic pivot, even as global economic conditions remained complicated.

Across the region’s diverse markets, from the mature financial hubs of Japan, Hong Kong, and Singapore to the rapidly evolving landscapes of Southeast Asia, several key trends emerged, propelling leading firms to double-digit growth and record-breaking assets under management (AUM).

A defining characteristic of 2025 was the surge in AUM across almost all jurisdictions.

Firms like Amova Asset Management (formerly Nikko Asset Management) achieved nearly 20% growth, while Indonesia’s Sucorinvest Asset Management saw a staggering 96% increase, outperforming the industry average threefold.

In Vietnam, SSI Asset Management reported growth exceeding 60%, signalling a robust appetite for domestic equity. This growth was largely fuelled by successful brand refreshes, mergers such as Fubon Asset Management’s integration of Jih Sun Securities, and the aggressive acquisition of market share through institutional mandates.

Innovation acted as the primary engine for client acquisition. The industry shifted towards specialized vehicles, particularly exchange-traded funds (ETFs) and feeder funds.

In Taiwan, Cathay SITC launched the market's first USD-denominated ETF, while ATRAM in the Philippines introduced the country's first AI-focused equity feeder fund to capitalize on the generative AI boom. Furthermore, there was a heightened focus on income solutions and dynamic duration positioning in fixed income to help investors navigate market volatility.

Environmental, social, and governance (ESG) principles moved from the periphery to the core of investment strategies.

Leaders like Kasikorn Asset Management in Thailand and Cathay SITC in Taiwan prioritized sustainable investing through active engagement with investees.

Simultaneously, Shariah-compliant investing saw significant momentum, particularly in Indonesia, where Syailendra Capital and Sucorinvest expanded their Shariah product ranges to meet rising demand for ethical and global diversification.

The 2025 landscape also highlighted a maturing institutional segment.

Taikang Assets in China, as well as,  SSI Asset Management in Vietnam solidified their roles as dominant asset managers for pension funds, managing significant annuity investments for government and state-owned entities.

Meanwhile, bank-affiliated asset management subsidiaries like ICBC Wealth Management leveraged their massive distribution networks to maintain top-tier rankings in total AUM while participating in landmark IPOs.

Together, these trends reflect an industry that is becoming more digital, more specialized, and increasingly focused on delivering global exposure to a sophisticated local client base

It is in this context that we at The Asset announce the winners of the Asset Management Company of the Year 2026.

ASSET MANAGEMENT COMPANY OF THE YEAR 

ASIA

Amova Asset Management

Rebranded from Nikko Asset Management, Amova Asset Management achieved a nearly 20% growth in AUM in 2025. In addition to its well-performing funds, the company launched several new ETF products in Japan and Singapore covering gold, equities, and fixed income. It also held a number of investor engagement activities across Asia to deepen its local and cross-border presence.

CHINA

Taikang Asset – Pension Fund

Taikang Asset is a key institutional participant in China’s capital market that focuses on long-term investments such as pension funds. One of its specialized areas is corporate and occupational annuity investment, which manages 693.4 billion yuan (US$101.79 billion) as of September 2025, serving the segment’s numerous key accounts across China, including government entities and state-owned enterprises.

ICBC Wealth Management – Asset Management Subsidiary of Banks 

ICBC Wealth Management is the asset management arm of ICBC. In 2025, its AUM is ranked number one among China's four major state-owned banks and maintained a steady growth rate of 10.8% year on year. It also led several landmark H-share IPO investment participations like CATL and BLOKS.

HONG KONG

CICC Hong Kong Asset Management – Winner

CICC HKAM’s asset management covers products from equities and fixed income to money market funds and multi-assets, winning several sizeable MMF mandates from key clients from telecom, internet, and insurance sectors in 2025. It is also one of the largest QFII managers in China, whose AUM grew by double-digits in 2025.

BOCHK Asset Management – Highly Commended

With clients spanning retail and institutional sectors in Hong Kong, Macau, mainland China, and Europe, BOCHK AM witnessed a 34.9% growth in 2025. By overweighting HK/China equity markets, the company delivered a strong performance in its equity strategy. Its dynamic duration positioning in fixed income also brought satisfactory results for the year.

INDONESIA

Sucorinvest Asset Management – Winner

As the 6th largest total AUM and the largest sharia-managed asset management company in Indonesia, Sucorinvest Asset Management maintained robust performance in 2025 amid market volatility with a 96% increase in AUM that is three times over the industry average. It also commits to sustainability by actively engaging with companies that demonstrate measurable ESG implementation.

Syailendra Capital – Highly Commended

Throughout 2025, Syailendra Capital achieved 25% growth in AUM and is the eighth-largest asset management company in Indonesia. It is also continuously expanding its product range in both conventional and Shariah-compliant investments, driven by demand for income solutions, global diversification, Shariah investing growth, and improved retail engagement.

JAPAN

Amova Asset Management

Amova Asset Management’s Japan Core Active Equity Strategy has been consistently outperforming the TOPIX Total Return Index through the years. It manages 38 ETFs in Japan and is the only company in Japan providing cash creation and redemption type ETFs based on the Nikkei 225, Nikkei 400 and TSE REIT indices.

MALAYSIA

Principal Asset Management

Despite a challenging market environment, Principal Malaysia has demonstrated resilience and achieved substantial growth with AUM growing by 12.8 year on year, attributed to its successful acquisition of new market shares through the launch of new funds. In 2025, it successfully engaged, retained, and grew its institutional client portfolios by adopting several strategies.

PHILIPPINES

BDO Trust and Investments Group – Winner

In 2025, BDO Trust and Investments Group reaffirmed its leading position in the Philippines’ trust industry as AUM grew 13% year on year. The group is also continuously expanding its global access and pursuing digital transformation, delivering consistent, high-quality performance, and sustainable investment solutions for its clients.

BPI Wealth – Highly Commended

Notwithstanding the challenging market dynamics, BPI Wealth had a solid performance in 2025 with AUM growing by 25.86% and client base expanding by 34.75%. With expanded product shelf, its portfolio maintains a strong global footprint, with exposure across key markets, including the United States, Europe, and Asia-Pacific.

ATRAM – Feeder Funds

ATRAM remains a leader in Philippines’ feeder fund market with a market share of nearly 50%. In 2025, it introduced the first AI-focused equity feeder fund in the country to capture opportunities arising from the rapid adoption of generative AI technologies, and it has since seen strong client demand.

TAIWAN

Cathay Securities Investment Trust – Winner

Cathay Securities Investment Trust continues to rank second among Taiwan’s asset managers in terms of AUM. As a prominent participant in the ETF market, the company launched Taiwan’s first-ever USD-denominated ETF in January 2025, showcasing its capabilities in product innovation. It is also an avid supporter of sustainable investing, maintaining close engagement with both investors and investees.

Fubon Asset Management – Highly Commended

In 2025, Fubon Asset Management completed its merger with Jih Sun Securities Investment Trust, resulting in the consolidation of systems, accounts, and investors. It also achieved an AUM growth of over 30%, outperforms the market twofold. Product wise, it launched two actively managed bond ETFs that secured the highest market share in the segment.

THAILAND

Kasikorn Asset Management – Winner

As Thailand’s largest asset manager by AUM, Kasikorn Asset Management is a pioneer in ESG and responsible investment in the local asset management industry. In 2025, it captured the highest net inflow in multiple product categories, including fixed income, balanced funds, and foreign investment funds, consolidating its leadership position.

Krungsri Asset Management – Highly Commended

Krungsri Asset Management leads in new product launches with a total of 83 news funds launched in 2025. With a strength in mutual funds, the company had an increase of overall AUM market shares in Thailand. As Thai investors seek more global exposure, it is increasing portfolio geographical diversification to capture opportunities.

VIETNAM

SSI Asset Management – Equity

SSI Asset Management continued to strengthen its growth trajectory in 2025, with total AUM growing by over 60%, and the domestic market making the largest contribution. It is also Vietnam’s largest pension fund manager and continues to deepen partnerships with existing clients while well expanding its networks.

PVI Asset Management – Fixed Income

While not ranked among the top in terms of total AUM, PVI Asset Management demonstrated a specialized edge in management for fixed income products, especially structured credit and private credit-like offerings. In 2025, it won several sizeable mandates from both domestic and overseas clients with strong momentum carrying into the new year.

Please click here for the full list of winners. 

To learn more about these awards please go here.

To join the in-person annual celebratory dinner in Hong Kong on June 30, 2026, please contact us at celebrate@theasset.com.