$20 Trillion: The 3 Funds Taking Over the World

These 3 companies are taking over the world. Together, they manage over $20 trillion in assets. For perspective, the total GDP is just over $100 trillion. They are the top shareholders in companies like Microsoft, Apple, Google, Lockheed, and Pfizer. But how did they become so wealthy? BlackRock, State Street, and Vanguard utilize a business model called a fund. Historically, the fund model has been gatekept on Wall Street by the ultra-wealthy. A fund is a pool of money collected from various investors. Fund managers then invest this capital into an asset class like the stock market, private companies, or real estate. When these investments generate profits, the returns are distributed back to the fund and its investors. If you want to learn more about funds, click the link for our free training.