Horizon
FII · intelligence
GDP shock · Extreme
GDP shock · Extreme · 32 months · manual
appliedAll scenarios
Simulated result — impacts are derived from the assumptions listed below, not observed outcomes.
AUM impact
$-1.95T
104 institutions
Avg GDP delta
-4.2%
31 locations
Avg FX delta
-3.6%
Most impacted
-11.7%
Permodalan Nasional Berhad
31 locations · bubble = scale · colour = scenario impact
Institution impacts
ranked by AUM delta
| # | Institution | Driver | Baseline | Scenario | Delta |
|---|---|---|---|---|---|
| 1 | Permodalan Nasional Berhad Kuala Lumpur | Geographic exposure | $70.0B | $61.8B | ▼11.7% |
| 2 | CIMB Group Kuala Lumpur | Geographic exposure | $48.0B | $43.2B | ▼9.9% |
| 3 | Khazanah Nasional Kuala Lumpur | Geographic exposure | $38.0B | $34.7B | ▼8.7% |
| 4 | Maybank Kuala Lumpur | Geographic exposure | $72.0B | $65.9B | ▼8.5% |
| 5 | Dragon Capital Ho Chi Minh City | Geographic exposure | $5.0B | $4.6B | ▼8.0% |
| 6 | Bosera Asset Management Shenzhen | Geographic exposure | $180.0B | $166.1B | ▼7.7% |
| 7 | Kasikorn Asset Management Bangkok | Geographic exposure | $45.0B | $41.5B | ▼7.7% |
| 8 | SBI Funds Management Mumbai | Geographic exposure | $130.0B | $120.2B | ▼7.5% |
| 9 | Employees Provident Fund Kuala Lumpur | Geographic exposure | $260.0B | $240.9B | ▼7.4% |
| 10 | Fullerton Fund Management Singapore | Geographic exposure | $55.0B | $51.0B | ▼7.2% |
| 11 | ANZ New Zealand Auckland | Geographic exposure | $22.0B | $20.4B | ▼7.1% |
| 12 | Life Insurance Corporation of India Mumbai | Geographic exposure | $560.0B | $521.5B | ▼6.9% |
| 13 | Reserve Bank of India Mumbai | Geographic exposure | $680.0B | $633.5B | ▼6.8% |
| 14 | HSBC Asia Pacific Hong Kong | Geographic exposure | $420.0B | $391.7B | ▼6.7% |
| 15 | Nippon Life Insurance Tokyo | Geographic exposure | $700.0B | $653.9B | ▼6.6% |
| 16 | Indonesia Investment Authority Jakarta | Geographic exposure | $12.0B | $11.2B | ▼6.5% |
| 17 | China Merchants Bank Shenzhen | Geographic exposure | $220.0B | $205.7B | ▼6.5% |
| 18 | Bank Central Asia Jakarta | Geographic exposure | $30.0B | $28.1B | ▼6.5% |
| 19 | Vietcombank Ho Chi Minh City | Geographic exposure | $14.0B | $13.1B | ▼6.5% |
| 20 | OCBC Bank Singapore | Geographic exposure | $96.0B | $89.9B | ▼6.4% |
| 21 | Ping An Insurance Shenzhen | Geographic exposure | $560.0B | $524.3B | ▼6.4% |
| 22 | HDFC Bank Mumbai | Geographic exposure | $60.0B | $56.2B | ▼6.3% |
| 23 | China Construction Bank Shanghai | Geographic exposure | $430.0B | $403.0B | ▼6.3% |
| 24 | BDO Unibank Manila | Geographic exposure | $18.0B | $16.9B | ▼6.2% |
| 25 | Fubon Asset Management Taipei | Geographic exposure | $40.0B | $37.5B | ▼6.2% |
| 26 | Samsung Asset Management Seoul | Geographic exposure | $250.0B | $234.7B | ▼6.1% |
| 27 | National Australia Bank Melbourne | Geographic exposure | $62.0B | $58.2B | ▼6.1% |
| 28 | Industrial & Commercial Bank of China Shanghai | Geographic exposure | $480.0B | $450.7B | ▼6.1% |
| 29 | Fullgoal Fund Management Shanghai | Geographic exposure | $170.0B | $159.7B | ▼6.1% |
| 30 | Bank Mandiri Jakarta | Geographic exposure | $34.0B | $31.9B | ▼6.0% |
| 31 | Bank of Korea Seoul | Geographic exposure | $420.0B | $394.7B | ▼6.0% |
| 32 | Hong Kong Monetary Authority Hong Kong | Geographic exposure | $500.0B | $469.9B | ▼6.0% |
| 33 | Bangkok Bank Bangkok | Geographic exposure | $26.0B | $24.4B | ▼6.0% |
| 34 | BPI Asset Management Manila | Geographic exposure | $10.0B | $9.4B | ▼5.9% |
| 35 | United Overseas Bank Singapore | Geographic exposure | $88.0B | $82.8B | ▼5.9% |
| 36 | Bank of China (Hong Kong) Hong Kong | Geographic exposure | $110.0B | $103.5B | ▼5.9% |
| 37 | Mirae Asset Global Investments Seoul | Geographic exposure | $200.0B | $188.5B | ▼5.8% |
| 38 | Mitsubishi UFJ Financial Group Tokyo | Geographic exposure | $640.0B | $603.4B | ▼5.7% |
| 39 | Cathay Life Insurance Taipei | Geographic exposure | $240.0B | $226.3B | ▼5.7% |
| 40 | Uzsanoatqurilishbank Tashkent | Geographic exposure | $6.0B | $5.7B | ▼5.7% |
| 41 | Nomura Asset Management Tokyo | Geographic exposure | $560.0B | $528.5B | ▼5.6% |
| 42 | CSOP Asset Management Hong Kong | Geographic exposure | $60.0B | $56.6B | ▼5.6% |
| 43 | Uzbekistan Fund for Reconstruction Tashkent | Geographic exposure | $25.0B | $23.6B | ▼5.6% |
| 44 | AustralianSuper Sydney | Geographic exposure | $220.0B | $207.8B | ▼5.5% |
| 45 | ICICI Prudential AMC Mumbai | Geographic exposure | $110.0B | $104.0B | ▼5.5% |
| 46 | Fisher Funds Auckland | Geographic exposure | $15.0B | $14.2B | ▼5.4% |
| 47 | Eastspring Investments Singapore | Geographic exposure | $250.0B | $236.5B | ▼5.4% |
| 48 | Daiwa Securities Tokyo | Geographic exposure | $240.0B | $227.1B | ▼5.4% |
| 49 | Hang Seng Bank Hong Kong | Geographic exposure | $62.0B | $58.7B | ▼5.3% |
| 50 | Cbus Super Melbourne | Geographic exposure | $60.0B | $56.9B | ▼5.2% |
| 51 | Temasek Holdings Singapore | Geographic exposure | $290.0B | $275.0B | ▼5.2% |
| 52 | Government Pension Investment Fund Tokyo | Geographic exposure | $1.60T | $1.52T | ▼5.1% |
| 53 | Sumitomo Mitsui Trust AM Tokyo | Geographic exposure | $750.0B | $711.7B | ▼5.1% |
| 54 | National Pension Service Seoul | Geographic exposure | $800.0B | $759.3B | ▼5.1% |
| 55 | GIC Private Limited Singapore | Geographic exposure | $800.0B | $759.4B | ▼5.1% |
| 56 | DBS Group Singapore | Geographic exposure | $128.0B | $121.5B | ▼5.1% |
| 57 | Macquarie Asset Management Sydney | Geographic exposure | $590.0B | $560.8B | ▼5.0% |
| 58 | Commonwealth Bank of Australia Sydney | Geographic exposure | $78.0B | $74.2B | ▼4.9% |
| 59 | Bank of Japan Tokyo | Geographic exposure | $4.60T | $4.38T | ▼4.9% |
| 60 | Partners Group Zurich | Geographic exposure | $150.0B | $144.0B | ▼4.0% |
| 61 | RBC Global Asset Management Toronto | Geographic exposure | $430.0B | $413.8B | ▼3.8% |
| 62 | Deutsche Bank Frankfurt | Geographic exposure | $320.0B | $308.3B | ▼3.7% |
| 63 | BB DTVM Sao Paulo | Geographic exposure | $300.0B | $290.0B | ▼3.3% |
| 64 | Halyk Bank Astana | Geographic exposure | $16.0B | $15.5B | ▼3.3% |
| 65 | Citadel New York | Geographic exposure | $65.0B | $62.9B | ▼3.2% |
| 66 | Itau Asset Management Sao Paulo | Geographic exposure | $160.0B | $154.8B | ▼3.2% |
| 67 | BTG Pactual Asset Management Sao Paulo | Geographic exposure | $110.0B | $106.5B | ▼3.1% |
| 68 | Man Group London | Geographic exposure | $190.0B | $184.3B | ▼3.0% |
| 69 | Schroders London | Geographic exposure | $990.0B | $960.3B | ▼3.0% |
| 70 | CVC Capital Partners Luxembourg | Geographic exposure | $210.0B | $203.8B | ▼3.0% |
| 71 | Investcorp Manama | Geographic exposure | $50.0B | $48.6B | ▼2.7% |
| 72 | First Abu Dhabi Bank Abu Dhabi | Geographic exposure | $56.0B | $54.5B | ▼2.7% |
| 73 | Swiss Re Zurich | Geographic exposure | $130.0B | $126.7B | ▼2.6% |
| 74 | BlackRock New York | Geographic exposure | $11.50T | $11.21T | ▼2.6% |
| 75 | Legal & General Investment Management London | Geographic exposure | $1.50T | $1.46T | ▼2.5% |
| 76 | Brookfield Asset Management Toronto | Geographic exposure | $1.00T | $974.9B | ▼2.5% |
| 77 | Qatar Investment Authority Doha | Geographic exposure | $520.0B | $507.0B | ▼2.5% |
| 78 | Samruk-Kazyna Astana | Geographic exposure | $70.0B | $68.3B | ▼2.5% |
| 79 | Apollo Global Management New York | Geographic exposure | $750.0B | $731.9B | ▼2.4% |
| 80 | Barclays London | Geographic exposure | $280.0B | $273.3B | ▼2.4% |
| 81 | Abu Dhabi Investment Authority Abu Dhabi | Geographic exposure | $990.0B | $966.4B | ▼2.4% |
| 82 | Mashreq Bank Dubai | Geographic exposure | $18.0B | $17.6B | ▼2.4% |
| 83 | Emirates NBD Dubai | Geographic exposure | $42.0B | $41.0B | ▼2.3% |
| 84 | Saudi National Bank Riyadh | Geographic exposure | $64.0B | $62.5B | ▼2.3% |
| 85 | Mubadala Investment Company Abu Dhabi | Geographic exposure | $330.0B | $322.4B | ▼2.3% |
| 86 | JPMorgan Asset Management New York | Geographic exposure | $3.60T | $3.52T | ▼2.3% |
| 87 | Allianz Global Investors Frankfurt | Geographic exposure | $620.0B | $606.0B | ▼2.3% |
| 88 | European Investment Bank Luxembourg | Geographic exposure | $95.0B | $92.8B | ▼2.3% |
| 89 | National Bank of Kuwait Kuwait City | Geographic exposure | $24.0B | $23.5B | ▼2.2% |
| 90 | CPP Investments Toronto | Geographic exposure | $480.0B | $469.2B | ▼2.2% |
| 91 | Arab Banking Corporation Manama | Geographic exposure | $12.0B | $11.7B | ▼2.2% |
| 92 | ADQ Abu Dhabi | Geographic exposure | $200.0B | $195.6B | ▼2.2% |
| 93 | DWS Group Frankfurt | Geographic exposure | $1.05T | $1.03T | ▼2.2% |
| 94 | UBS Asset Management Zurich | Geographic exposure | $1.80T | $1.76T | ▼2.1% |
| 95 | Pictet Asset Management Zurich | Geographic exposure | $270.0B | $264.2B | ▼2.1% |
| 96 | Riyad Capital Riyadh | Geographic exposure | $20.0B | $19.6B | ▼2.1% |
| 97 | Goldman Sachs Asset Management New York | Geographic exposure | $2.90T | $2.84T | ▼2.0% |
| 98 | Bank of England London | Geographic exposure | $900.0B | $882.2B | ▼2.0% |
| 99 | KfW Development Bank Frankfurt | Geographic exposure | $180.0B | $176.4B | ▼2.0% |
| 100 | HSBC Holdings London | Geographic exposure | $680.0B | $666.6B | ▼2.0% |
| 101 | Blackstone New York | Geographic exposure | $1.15T | $1.13T | ▼1.9% |
| 102 | Public Investment Fund Riyadh | Geographic exposure | $930.0B | $912.1B | ▼1.9% |
| 103 | Kuwait Investment Authority Kuwait City | Geographic exposure | $800.0B | $784.6B | ▼1.9% |
| 104 | Qatar National Bank Doha | Geographic exposure | $52.0B | $51.1B | ▼1.6% |
Asset-class impact
percentage change by class
Assumptions
0 inputs
Default type-driven assumptions were used.
Location impacts
GDP · FX · AUM · banking
Manila
GDP -6.6%FX -5.6%AUM -14.2%BNK -7.5%
Toronto
GDP -1.4%FX -1.2%AUM -3.1%BNK -1.6%
Auckland
GDP -5.0%FX -4.3%AUM -10.8%BNK -5.7%
Shanghai
GDP -6.7%FX -5.7%AUM -14.3%BNK -7.6%
Bangkok
GDP -6.2%FX -5.3%AUM -13.3%BNK -7.1%
London
GDP -1.5%FX -1.3%AUM -3.3%BNK -1.8%
Riyadh
GDP -1.9%FX -1.6%AUM -4.0%BNK -2.1%
Kuwait City
GDP -1.8%FX -1.5%AUM -3.8%BNK -2.0%
Zurich
GDP -1.3%FX -1.1%AUM -2.8%BNK -1.5%
Singapore
GDP -4.4%FX -3.8%AUM -9.6%BNK -5.1%
Abu Dhabi
GDP -1.6%FX -1.4%AUM -3.5%BNK -1.8%
Shenzhen
GDP -6.6%FX -5.6%AUM -14.2%BNK -7.5%
Sao Paulo
GDP -2.2%FX -1.9%AUM -4.7%BNK -2.5%
Luxembourg
GDP -1.3%FX -1.1%AUM -2.9%BNK -1.5%
Manama
GDP -2.0%FX -1.7%AUM -4.4%BNK -2.3%
Doha
GDP -1.7%FX -1.4%AUM -3.6%BNK -1.9%
Seoul
GDP -5.2%FX -4.5%AUM -11.3%BNK -6.0%
Mumbai
GDP -6.3%FX -5.4%AUM -13.5%BNK -7.2%
Hong Kong
GDP -5.4%FX -4.6%AUM -11.6%BNK -6.2%
Sydney
GDP -4.7%FX -4.0%AUM -10.1%BNK -5.3%
Kuala Lumpur
GDP -18.1%FX -15.5%AUM -38.9%BNK -20.7%
Astana
GDP -2.3%FX -1.9%AUM -4.9%BNK -2.6%
Melbourne
GDP -4.8%FX -4.1%AUM -10.2%BNK -5.4%
Jakarta
GDP -6.4%FX -5.5%AUM -13.8%BNK -7.3%
Ho Chi Minh City
GDP -6.8%FX -5.8%AUM -14.7%BNK -7.8%
Taipei
GDP -6.3%FX -5.4%AUM -13.7%BNK -7.2%
Frankfurt
GDP -1.4%FX -1.2%AUM -3.1%BNK -1.6%
Tokyo
GDP -4.8%FX -4.1%AUM -10.2%BNK -5.4%
Tashkent
GDP -2.4%FX -2.1%AUM -5.2%BNK -2.7%
New York
GDP -1.4%FX -1.2%AUM -3.0%BNK -1.6%
Dubai
GDP -1.7%FX -1.5%AUM -3.7%BNK -2.0%