Asset Management & Custody Banks
Asset Management & Custody Banks is losing market weight. Gained weight for 1 consecutive month.
The loss is shared across much of the industry.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 59% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Nov 2018 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| BNY Mellon → BNY | Asset Management & Custody Banks | United States | 0.169% | -0.163 pp | -8.1% | 0.0 |
| State Street Corporation → STT | Asset Management & Custody Banks | United States | 0.092% | -0.141 pp | -32.8% | 0.0 |
| Ameriprise Financial → AMP | Asset Management & Custody Banks | United States | 0.060% | -0.082 pp | -21.1% | 0.0 |
| Franklin Resources → BEN | Asset Management & Custody Banks | United States | 0.058% | -0.076 pp | -11.3% | 0.0 |
| T. Rowe Price → TROW | Asset Management & Custody Banks | United States | 0.079% | -0.075 pp | -9.4% | 0.0 |
| Northern Trust → NTRS | Asset Management & Custody Banks | United States | 0.073% | -0.064 pp | -4.6% | 0.0 |
| Invesco → IVZ | Asset Management & Custody Banks | United States | 0.028% | -0.056 pp | -41.0% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Nov 2018 | 0.559% | +0.014 pp | -0.032 pp | -0.608 pp | -0.656 pp | -10.3% |
| Oct 2018 | 0.545% | -0.021 pp | -0.563 pp | -0.648 pp | -0.670 pp | -13.8% |
| Sep 2018 | 0.565% | -0.025 pp | -0.577 pp | -0.614 pp | -0.650 pp | -11.7% |
| Aug 2018 | 0.590% | -0.518 pp | -0.577 pp | -0.641 pp | -0.625 pp | -8.7% |
| Jul 2018 | 1.108% | -0.034 pp | -0.084 pp | -0.107 pp | -0.107 pp | -5.2% |
| Jun 2018 | 1.142% | -0.025 pp | -0.037 pp | -0.073 pp | -0.073 pp | -3.5% |
| May 2018 | 1.167% | -0.025 pp | -0.064 pp | -0.048 pp | -0.048 pp | -2.3% |
| Apr 2018 | 1.192% | +0.013 pp | -0.023 pp | -0.023 pp | -0.023 pp | -1.4% |
| Mar 2018 | 1.179% | -0.051 pp | -0.035 pp | -0.035 pp | -0.035 pp | -2.3% |
| Feb 2018 | 1.231% | +0.016 pp | +0.016 pp | +0.016 pp | +0.016 pp | +1.7% |
| Jan 2018 | 1.215% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.