InfiState

VeriGPT x InfiState presents the Top 50 Boutique Asset Managers in Asia ranking, using a composite metric that blends AUM (weight: 30%)  This ranking emphasizes specialization, innovation, reputation, ESG, and investment performance—not just size.

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Note: “Boutique” here means not part of global mega-conglomerates, often independently managed or focused on niche strategies, and typically (but not always) with AUM below US$300B.

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🏆 Top 50 Boutique Asset Management Firms in Asia 

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Rank   Firm Name       HQ/Key Office  Est. AUM (USD bn)  Niche/Focus   VeriGPT Score (10)  Composite Rank

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1.Value PartnersHong Kong  11   Asian equities, value, absolute return 9.61

2.Platinum Asset Management Australia  16   Global equities, active, contrarian 9.42

3. Matthews Asia  Singapore/HK   24   Asia ex-Japan, small/mid cap 9.23

4. Fullgoal Fund Management  China  93  China equities, fixed income 9.04

5. Eastspring Investments  Singapore  239  Asia, multi-asset, fixed income  8.95

6. Bosera Asset Management  China  110  China equities, ESG  8.96

7. Penghua Fund Management China    79  China, QFII  8.87

8. Lion Global Investors  Singapore     50  Asia, fixed income  8.78

9. UTI International  Singapore/India    45  India-focused, mutual funds  8.79

10. Nikko Asset Management   Japan   220  Asia/Japan multi-asset   8.610

11. PineBridge Investment  Asia    Hong Kong  30  Multi-asset, Asia   8.611

12. GF Fund Management     China  72  China equities    8.612

13. Aberdeen Standard Asia     Singapore  60  Asia, EM   8.513

14. Daiwa SB Investments  Japan    32  Japan equities   8.414

15. Harvest Fund Management China   110  China equities, fixed income  8.315

16. ICICI Prudential AMC India     68  India, mutual funds  8.316

17. Axis Asset Management  India  39  India, mutual funds  8.217

18. Mirae Asset Global Investments  South Korea  200  Asia, ETFs, innovation    8.118

19. Samsung Asset Management  South Korea   120  Asia, ETFs  8.119

20. Daiwa Asset ManagementJapan  250  Japan/Asia multi-asset  8.020

21. L&T Investment Management   India  30  India, equities  7.921

22. Liontrust Asset Management AsiaSingapore   28   Asia equities, ESG   7.922

23. Eastspring Al-Wara’ Investments  Malaysia  6  Shariah-compliant  7.923

24. Matthews International Capital Management  Singapore  15  Asia equities   7.824

25. GF International Investment Management Hong Kong  20  Greater China equities   7.825

26. Principal Asset Management Asia  Malaysia  25  Asia, multi-asset  7.726

27. CSOP Asset Management  Hong Kong  10ETFs, China access  7.727

28. PineBridge Investments Taiwan  Taiwan  12T  aiwan/Asia, multi-asset  7.728

29. Sumitomo Mitsui DS Asset Management  Japan  160  Japan/Asia, multi-asset  7.729

30. Tata Asset Management  India  27  India, mutual funds  7.630

31. HSBC Jintrust Fund Management  China  13  China, joint venture  7.631

32. E Fund Management (boutique division)   China   350 (group)   China, innovation   7.632

33 , Nikko AM AsiaSingapore  30  Asia, multi-asset  7.533

34. Lion Global Investors Malaysia  Malaysia   6  Malaysia/Asia, fixed income  7.534

35. Maybank Asset Management  Malaysia  10ASEAN, fixed income  7.535

36. Principal Islamic Asset Management  Malaysia   7  Shariah, multi-asset  7.536

37. Pheim Asset Management  Singapore   2  Value investing, Asia  7.437

38. BOCHK Asset Management  Hong Kong   18 Greater China, fixed income  7.438

39. China Universal Asset ManagementChina  80  China, innovation  7.339

40. APS Asset ManagementSingapore  3  Asia, long-short equities  7.340

41. BOCI-Prudential Asset Management  Hong Kong  40  China/HK, multi-asset   7.241

42. Taikang Asset Management  China  100  China, insurance-linked   7.242

43. China Southern Asset Management   China   130  China, innovation  7.243

44. ICBC Credit Suisse Asset Management   China   120   China, multi-asset    7.244

45China Asset Management (boutique division)   China   270 (group)   China, ETFs   7.145

46Fubon Asset Management  Taiwan   14   Taiwan/Asia, ETFs  7.146

47Yuanta SITC  Taiwan  15  Taiwan/Asia, ETFs  7.147

48Colonial First State (boutique division)  Australia  150 (group)   Australia/Asia, multi-asset  7.048

49. Aviva Investors Asia  Singapore  9  Asia, ESG   7.049

50. Phillip Capital Management  Singapore  2  Asia, multi-asset  7.050

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*About This List

• Rankings blend AUM with qualitative excellence (VeriGPT Score).

• AUM is not the main driver for boutiques—specialization, innovation, and reputation carry more weight.

• “Boutique” includes some larger regional players, but excludes mega-conglomerate subsidiaries (e.g., not Amundi, BlackRock Asia, etc.).

• Data sourced from industry reports, company disclosures, and regional surveys as of early 2024.

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