Horizon
FII · intelligence
Sanctions · Extreme
Sanctions · Extreme · 36 months · manual
appliedAll scenarios
Simulated result — impacts are derived from the assumptions listed below, not observed outcomes.
AUM impact
$-4.37T
104 institutions
Avg GDP delta
-1.4%
31 locations
Avg FX delta
-4.3%
Most impacted
-10.6%
Citadel
31 locations · bubble = scale · colour = scenario impact
Institution impacts
ranked by AUM delta
| # | Institution | Driver | Baseline | Scenario | Delta |
|---|---|---|---|---|---|
| 1 | Citadel New York | Asset-class exposure | $65.0B | $58.1B | ▼10.6% |
| 2 | Samruk-Kazyna Astana | Asset-class exposure | $70.0B | $62.7B | ▼10.5% |
| 3 | Uzbekistan Fund for Reconstruction Tashkent | Asset-class exposure | $25.0B | $22.4B | ▼10.2% |
| 4 | Bosera Asset Management Shenzhen | Asset-class exposure | $180.0B | $161.7B | ▼10.2% |
| 5 | BB DTVM Sao Paulo | Asset-class exposure | $300.0B | $269.6B | ▼10.1% |
| 6 | Partners Group Zurich | Asset-class exposure | $150.0B | $134.8B | ▼10.1% |
| 7 | Indonesia Investment Authority Jakarta | Asset-class exposure | $12.0B | $10.8B | ▼10.0% |
| 8 | Investcorp Manama | Asset-class exposure | $50.0B | $45.0B | ▼10.0% |
| 9 | Blackstone New York | Asset-class exposure | $1.15T | $1.04T | ▼10.0% |
| 10 | CVC Capital Partners Luxembourg | Asset-class exposure | $210.0B | $189.1B | ▼10.0% |
| 11 | Apollo Global Management New York | Asset-class exposure | $750.0B | $675.5B | ▼9.9% |
| 12 | Brookfield Asset Management Toronto | Asset-class exposure | $1.00T | $900.7B | ▼9.9% |
| 13 | Riyad Capital Riyadh | Asset-class exposure | $20.0B | $18.1B | ▼9.7% |
| 14 | Mubadala Investment Company Abu Dhabi | Asset-class exposure | $330.0B | $298.1B | ▼9.7% |
| 15 | Khazanah Nasional Kuala Lumpur | Asset-class exposure | $38.0B | $34.3B | ▼9.6% |
| 16 | Itau Asset Management Sao Paulo | Asset-class exposure | $160.0B | $144.6B | ▼9.6% |
| 17 | BTG Pactual Asset Management Sao Paulo | Asset-class exposure | $110.0B | $99.5B | ▼9.6% |
| 18 | Uzsanoatqurilishbank Tashkent | Asset-class exposure | $6.0B | $5.4B | ▼9.6% |
| 19 | BPI Asset Management Manila | Asset-class exposure | $10.0B | $9.1B | ▼9.5% |
| 20 | Public Investment Fund Riyadh | Asset-class exposure | $930.0B | $841.6B | ▼9.5% |
| 21 | ICICI Prudential AMC Mumbai | Asset-class exposure | $110.0B | $99.5B | ▼9.5% |
| 22 | Fisher Funds Auckland | Asset-class exposure | $15.0B | $13.6B | ▼9.5% |
| 23 | ADQ Abu Dhabi | Asset-class exposure | $200.0B | $181.1B | ▼9.4% |
| 24 | Macquarie Asset Management Sydney | Asset-class exposure | $590.0B | $534.7B | ▼9.4% |
| 25 | SBI Funds Management Mumbai | Asset-class exposure | $130.0B | $117.9B | ▼9.3% |
| 26 | Ping An Insurance Shenzhen | Asset-class exposure | $560.0B | $508.3B | ▼9.2% |
| 27 | Daiwa Securities Tokyo | Asset-class exposure | $240.0B | $217.9B | ▼9.2% |
| 28 | CSOP Asset Management Hong Kong | Asset-class exposure | $60.0B | $54.5B | ▼9.2% |
| 29 | Eastspring Investments Singapore | Asset-class exposure | $250.0B | $227.1B | ▼9.2% |
| 30 | Allianz Global Investors Frankfurt | Asset-class exposure | $620.0B | $563.5B | ▼9.1% |
| 31 | Fubon Asset Management Taipei | Asset-class exposure | $40.0B | $36.4B | ▼9.1% |
| 32 | Barclays London | Asset-class exposure | $280.0B | $254.7B | ▼9.0% |
| 33 | Qatar Investment Authority Doha | Asset-class exposure | $520.0B | $473.1B | ▼9.0% |
| 34 | AustralianSuper Sydney | Asset-class exposure | $220.0B | $200.5B | ▼8.9% |
| 35 | Goldman Sachs Asset Management New York | Asset-class exposure | $2.90T | $2.64T | ▼8.8% |
| 36 | Fullerton Fund Management Singapore | Asset-class exposure | $55.0B | $50.1B | ▼8.8% |
| 37 | Cathay Life Insurance Taipei | Asset-class exposure | $240.0B | $218.8B | ▼8.8% |
| 38 | Temasek Holdings Singapore | Asset-class exposure | $290.0B | $264.5B | ▼8.8% |
| 39 | Kuwait Investment Authority Kuwait City | Asset-class exposure | $800.0B | $729.6B | ▼8.8% |
| 40 | Abu Dhabi Investment Authority Abu Dhabi | Asset-class exposure | $990.0B | $903.3B | ▼8.8% |
| 41 | Life Insurance Corporation of India Mumbai | Asset-class exposure | $560.0B | $511.0B | ▼8.7% |
| 42 | Mirae Asset Global Investments Seoul | Asset-class exposure | $200.0B | $182.6B | ▼8.7% |
| 43 | RBC Global Asset Management Toronto | Asset-class exposure | $430.0B | $392.9B | ▼8.6% |
| 44 | GIC Private Limited Singapore | Asset-class exposure | $800.0B | $731.3B | ▼8.6% |
| 45 | Nomura Asset Management Tokyo | Asset-class exposure | $560.0B | $511.9B | ▼8.6% |
| 46 | Permodalan Nasional Berhad Kuala Lumpur | Asset-class exposure | $70.0B | $64.0B | ▼8.6% |
| 47 | DWS Group Frankfurt | Asset-class exposure | $1.05T | $960.1B | ▼8.6% |
| 48 | Arab Banking Corporation Manama | Asset-class exposure | $12.0B | $11.0B | ▼8.6% |
| 49 | Kasikorn Asset Management Bangkok | Asset-class exposure | $45.0B | $41.1B | ▼8.6% |
| 50 | Swiss Re Zurich | Asset-class exposure | $130.0B | $119.0B | ▼8.4% |
| 51 | Hang Seng Bank Hong Kong | Asset-class exposure | $62.0B | $56.8B | ▼8.4% |
| 52 | JPMorgan Asset Management New York | Asset-class exposure | $3.60T | $3.30T | ▼8.4% |
| 53 | Commonwealth Bank of Australia Sydney | Asset-class exposure | $78.0B | $71.4B | ▼8.4% |
| 54 | Schroders London | Asset-class exposure | $990.0B | $907.6B | ▼8.3% |
| 55 | Emirates NBD Dubai | Asset-class exposure | $42.0B | $38.5B | ▼8.3% |
| 56 | Pictet Asset Management Zurich | Asset-class exposure | $270.0B | $247.6B | ▼8.3% |
| 57 | Nippon Life Insurance Tokyo | Asset-class exposure | $700.0B | $642.2B | ▼8.3% |
| 58 | Deutsche Bank Frankfurt | Asset-class exposure | $320.0B | $293.7B | ▼8.2% |
| 59 | First Abu Dhabi Bank Abu Dhabi | Asset-class exposure | $56.0B | $51.4B | ▼8.2% |
| 60 | BlackRock New York | Asset-class exposure | $11.50T | $10.56T | ▼8.2% |
| 61 | Industrial & Commercial Bank of China Shanghai | Asset-class exposure | $480.0B | $441.0B | ▼8.1% |
| 62 | DBS Group Singapore | Asset-class exposure | $128.0B | $117.6B | ▼8.1% |
| 63 | CPP Investments Toronto | Asset-class exposure | $480.0B | $441.0B | ▼8.1% |
| 64 | Legal & General Investment Management London | Asset-class exposure | $1.50T | $1.38T | ▼8.1% |
| 65 | Sumitomo Mitsui Trust AM Tokyo | Asset-class exposure | $750.0B | $689.6B | ▼8.1% |
| 66 | Maybank Kuala Lumpur | Asset-class exposure | $72.0B | $66.2B | ▼8.1% |
| 67 | Bank Central Asia Jakarta | Asset-class exposure | $30.0B | $27.6B | ▼8.0% |
| 68 | Government Pension Investment Fund Tokyo | Asset-class exposure | $1.60T | $1.47T | ▼7.9% |
| 69 | UBS Asset Management Zurich | Asset-class exposure | $1.80T | $1.66T | ▼7.9% |
| 70 | Cbus Super Melbourne | Asset-class exposure | $60.0B | $55.3B | ▼7.8% |
| 71 | Qatar National Bank Doha | Asset-class exposure | $52.0B | $47.9B | ▼7.8% |
| 72 | HSBC Holdings London | Asset-class exposure | $680.0B | $627.0B | ▼7.8% |
| 73 | Mashreq Bank Dubai | Asset-class exposure | $18.0B | $16.6B | ▼7.8% |
| 74 | CIMB Group Kuala Lumpur | Asset-class exposure | $48.0B | $44.3B | ▼7.7% |
| 75 | HDFC Bank Mumbai | Asset-class exposure | $60.0B | $55.4B | ▼7.7% |
| 76 | China Merchants Bank Shenzhen | Asset-class exposure | $220.0B | $203.1B | ▼7.7% |
| 77 | Saudi National Bank Riyadh | Asset-class exposure | $64.0B | $59.1B | ▼7.7% |
| 78 | KfW Development Bank Frankfurt | Asset-class exposure | $180.0B | $166.3B | ▼7.6% |
| 79 | Bank of China (Hong Kong) Hong Kong | Asset-class exposure | $110.0B | $101.6B | ▼7.6% |
| 80 | European Investment Bank Luxembourg | Asset-class exposure | $95.0B | $87.8B | ▼7.6% |
| 81 | National Bank of Kuwait Kuwait City | Asset-class exposure | $24.0B | $22.2B | ▼7.4% |
| 82 | Bangkok Bank Bangkok | Asset-class exposure | $26.0B | $24.1B | ▼7.4% |
| 83 | HSBC Asia Pacific Hong Kong | Asset-class exposure | $420.0B | $389.3B | ▼7.3% |
| 84 | OCBC Bank Singapore | Asset-class exposure | $96.0B | $89.1B | ▼7.2% |
| 85 | National Australia Bank Melbourne | Asset-class exposure | $62.0B | $57.6B | ▼7.2% |
| 86 | Hong Kong Monetary Authority Hong Kong | Asset-class exposure | $500.0B | $465.7B | ▼6.9% |
| 87 | Bank of Korea Seoul | Asset-class exposure | $420.0B | $391.5B | ▼6.8% |
| 88 | Mitsubishi UFJ Financial Group Tokyo | Asset-class exposure | $640.0B | $598.2B | ▼6.5% |
| 89 | Bank of England London | Asset-class exposure | $900.0B | $842.3B | ▼6.4% |
| 90 | Bank of Japan Tokyo | Asset-class exposure | $4.60T | $4.31T | ▼6.2% |
| 91 | Reserve Bank of India Mumbai | Asset-class exposure | $680.0B | $639.0B | ▼6.0% |
| 92 | Halyk Bank Astana | Geographic exposure | $16.0B | $15.9B | ▼0.8% |
| 93 | Vietcombank Ho Chi Minh City | Geographic exposure | $14.0B | $13.9B | ▼0.7% |
| 94 | China Construction Bank Shanghai | Geographic exposure | $430.0B | $427.2B | ▼0.7% |
| 95 | Dragon Capital Ho Chi Minh City | Geographic exposure | $5.0B | $5.0B | ▼0.7% |
| 96 | BDO Unibank Manila | Geographic exposure | $18.0B | $17.9B | ▼0.7% |
| 97 | Fullgoal Fund Management Shanghai | Geographic exposure | $170.0B | $168.9B | ▼0.6% |
| 98 | Bank Mandiri Jakarta | Geographic exposure | $34.0B | $33.8B | ▼0.6% |
| 99 | Employees Provident Fund Kuala Lumpur | Geographic exposure | $260.0B | $258.4B | ▼0.6% |
| 100 | Man Group London | Geographic exposure | $190.0B | $188.9B | ▼0.6% |
| 101 | ANZ New Zealand Auckland | Geographic exposure | $22.0B | $21.9B | ▼0.6% |
| 102 | Samsung Asset Management Seoul | Geographic exposure | $250.0B | $248.6B | ▼0.5% |
| 103 | National Pension Service Seoul | Geographic exposure | $800.0B | $795.7B | ▼0.5% |
| 104 | United Overseas Bank Singapore | Geographic exposure | $88.0B | $87.5B | ▼0.5% |
Asset-class impact
percentage change by class
Assumptions
0 inputs
Default type-driven assumptions were used.
Location impacts
GDP · FX · AUM · banking
Manila
GDP -1.6%FX -5.0%AUM -1.5%BNK -5.6%
Toronto
GDP -1.1%FX -3.5%AUM -1.0%BNK -3.9%
Auckland
GDP -1.2%FX -3.8%AUM -1.1%BNK -4.3%
Shanghai
GDP -1.6%FX -5.0%AUM -1.5%BNK -5.7%
Bangkok
GDP -1.5%FX -4.7%AUM -1.4%BNK -5.3%
London
GDP -1.2%FX -3.7%AUM -1.1%BNK -4.2%
Riyadh
GDP -1.5%FX -4.5%AUM -1.3%BNK -5.1%
Kuwait City
GDP -1.4%FX -4.3%AUM -1.3%BNK -4.8%
Zurich
GDP -1.0%FX -3.2%AUM -0.9%BNK -3.6%
Singapore
GDP -1.1%FX -3.4%AUM -1.0%BNK -3.8%
Abu Dhabi
GDP -1.3%FX -3.9%AUM -1.2%BNK -4.4%
Shenzhen
GDP -1.6%FX -5.0%AUM -1.5%BNK -5.6%
Sao Paulo
GDP -1.7%FX -5.3%AUM -1.6%BNK -6.0%
Luxembourg
GDP -1.1%FX -3.2%AUM -1.0%BNK -3.6%
Manama
GDP -1.6%FX -4.9%AUM -1.5%BNK -5.5%
Doha
GDP -1.3%FX -4.0%AUM -1.2%BNK -4.5%
Seoul
GDP -1.3%FX -4.0%AUM -1.2%BNK -4.5%
Mumbai
GDP -1.5%FX -4.7%AUM -1.4%BNK -5.3%
Hong Kong
GDP -1.3%FX -4.1%AUM -1.2%BNK -4.6%
Sydney
GDP -1.2%FX -3.5%AUM -1.1%BNK -4.0%
Kuala Lumpur
GDP -1.4%FX -4.4%AUM -1.3%BNK -4.9%
Astana
GDP -1.8%FX -5.5%AUM -1.6%BNK -6.1%
Melbourne
GDP -1.2%FX -3.6%AUM -1.1%BNK -4.1%
Jakarta
GDP -1.6%FX -4.9%AUM -1.4%BNK -5.5%
Ho Chi Minh City
GDP -1.7%FX -5.2%AUM -1.5%BNK -5.8%
Taipei
GDP -1.6%FX -4.8%AUM -1.4%BNK -5.4%
Frankfurt
GDP -1.1%FX -3.5%AUM -1.0%BNK -3.9%
Tokyo
GDP -1.2%FX -3.6%AUM -1.1%BNK -4.1%
Tashkent
GDP -1.9%FX -5.8%AUM -1.7%BNK -6.6%
New York
GDP -1.1%FX -3.4%AUM -1.0%BNK -3.9%
Dubai
GDP -1.3%FX -4.1%AUM -1.2%BNK -4.7%