Asset Management & Custody Banks
Asset Management & Custody Banks is gaining market weight. Lost weight for 2 consecutive months.
The gain 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 gains. 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 – Feb 2021 · 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 | 0.074% | +0.074 pp | +9.2% | 0.0 |
| T. Rowe Price → TROW | Asset Management & Custody Banks | United States | 0.074% | +0.074 pp | +41.7% | 0.0 |
| Ameriprise Financial → AMP | Asset Management & Custody Banks | United States | 0.052% | +0.052 pp | +60.7% | 0.0 |
| State Street Corporation → STT | Asset Management & Custody Banks | United States | 0.051% | +0.051 pp | +10.6% | 0.0 |
| Northern Trust → NTRS | Asset Management & Custody Banks | United States | 0.040% | +0.040 pp | +12.2% | 0.0 |
| Franklin Resources → BEN | Asset Management & Custody Banks | United States | 0.026% | +0.026 pp | +26.9% | 0.0 |
| Invesco → IVZ | Asset Management & Custody Banks | United States | 0.021% | +0.021 pp | +63.9% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Feb 2021 | 0.337% | -0.046 pp | -0.307 pp | +0.337 pp | +0.337 pp | -2.8% |
| Jan 2021 | 0.383% | -0.266 pp | -0.236 pp | +0.383 pp | -0.416 pp | -10.3% |
| Dec 2020 | 0.650% | +0.005 pp | +0.649 pp | +0.649 pp | -0.176 pp | -12.3% |
| Nov 2020 | 0.645% | +0.025 pp | +0.644 pp | +0.644 pp | -0.194 pp | -15.2% |
| Oct 2020 | 0.619% | +0.619 pp | +0.619 pp | -0.085 pp | -0.202 pp | -14.8% |
| Sep 2020 | 0.001% | -0.000 pp | -0.000 pp | +0.000 pp | -0.814 pp | -16.2% |
| Aug 2020 | 0.001% | +0.000 pp | -0.000 pp | +0.000 pp | -0.767 pp | -7.9% |
| Jul 2020 | 0.001% | -0.000 pp | -0.704 pp | -0.799 pp | -0.847 pp | -13.3% |
| Jun 2020 | 0.001% | +0.000 pp | +0.000 pp | -0.825 pp | -0.830 pp | -6.8% |
| May 2020 | 0.001% | -0.704 pp | +0.000 pp | -0.838 pp | -0.853 pp | -9.8% |
| Apr 2020 | 0.704% | +0.704 pp | -0.095 pp | -0.117 pp | -0.221 pp | -12.8% |
| Mar 2020 | 0.001% | -0.000 pp | -0.825 pp | -0.814 pp | -0.909 pp | -13.8% |
| Feb 2020 | 0.001% | -0.799 pp | -0.838 pp | -0.767 pp | -0.947 pp | -11.4% |
| Jan 2020 | 0.800% | -0.026 pp | -0.021 pp | -0.048 pp | +0.269 pp | -6.0% |
| Dec 2019 | 0.826% | -0.013 pp | +0.011 pp | -0.004 pp | +0.297 pp | -3.0% |
| Nov 2019 | 0.839% | +0.018 pp | +0.071 pp | -0.015 pp | +0.280 pp | -5.9% |
| Oct 2019 | 0.821% | +0.006 pp | -0.026 pp | -0.105 pp | +0.277 pp | -6.4% |
| Sep 2019 | 0.815% | +0.047 pp | -0.016 pp | -0.095 pp | +0.250 pp | -9.5% |
| Aug 2019 | 0.768% | -0.080 pp | -0.085 pp | -0.180 pp | +0.178 pp | -18.0% |
| Jul 2019 | 0.848% | +0.017 pp | -0.078 pp | +0.317 pp | -0.260 pp | -13.7% |
| Jun 2019 | 0.830% | -0.023 pp | -0.079 pp | +0.302 pp | -0.312 pp | -17.7% |
| May 2019 | 0.853% | -0.072 pp | -0.095 pp | +0.295 pp | -0.314 pp | -18.0% |
| Apr 2019 | 0.926% | +0.016 pp | +0.395 pp | +0.381 pp | -0.267 pp | -13.8% |
| Mar 2019 | 0.910% | -0.038 pp | +0.381 pp | +0.345 pp | -0.270 pp | -14.4% |
| Feb 2019 | 0.948% | +0.417 pp | +0.389 pp | +0.358 pp | -0.283 pp | -14.1% |
| Jan 2019 | 0.531% | +0.002 pp | -0.014 pp | -0.577 pp | -0.684 pp | -13.8% |
| Dec 2018 | 0.529% | -0.030 pp | -0.037 pp | -0.613 pp | -0.686 pp | -14.6% |
| 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.