Schroders Global Cities Index 2024: Top 10 Strongest Economies are San Francisco, London, San Jose, Hong Kong, Boston, Seattle, New York, Melbourne, Singapore & Paris, Top 5 in APAC are Hong Kong, Singapore, Shenzhen, Shanghai & Sydney
2nd March 2024 | Hong Kong
Schroders has released the Schroders Global Cities Index 2024, ranking the strongest cities economics in the world (Economic, Environmental, Innovation & Transportation). In 2023, the top 10 strongest economies are San Francisco, London, San Jose, Hong Kong, Boston, Seattle, New York, Melbourne, Singapore & Paris. The top 5 strong economies in APAC (Asia-Pacific) are Hong Kong, Singapore, Shenzhen, Shanghai & Sydney. Schroders is a global investment management firm with $923 AUM (Assets under Management). See below for full table:
“ Top 10 Strongest Economies are San Francisco, London, San Jose, Hong Kong, Boston, Seattle, New York, Melbourne, Singapore & Paris, Top 5 in APAC are Hong Kong, Singapore, Shenzhen, Shanghai & Sydney “
Hugo Machin, Portfolio Manager, Schroders Global Cities: “This year’s clear winners are the larger US cities such as Houston and Dallas, which have benefitted from a re-appraisal of the transport score used in the rankings. This year, the Index places less weight on walk time and more on overall transport time as we believe cities should take a holistic approach to organising urban transport. Moreover, whilst it will hardly be a revelation to many, data continues to indicate that wealthy citizens are continuing to move to locations that have low crime rates and tax thresholds. This is why Austin, Miami and Charlotte have grown strongly in recent years with Austin now home to more fortune 500 companies than any other location in the US.”
Schroders plc – Schroders is a global investment management firm with £726.1 billion (€846.1 billion; $923.1 billion) assets under management, as at 30 June 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.
Schroders Global Cities Index 2024:
| Location | 2023 Rank | 2022 Score | 2022 Rank |
| San Francisco | 1 | 8.85 | 1 |
| London | 2 | 8.70 | 3 |
| San Jose (US) | 3 | 8.54 | 7 |
| Hong Kong (City) | 4 | 8.35 | 9 |
| Boston | 5 | 8.75 | 2 |
| Seattle | 6 | 8.34 | 12 |
| New York | 7 | 8.68 | 4 |
| Melbourne | 8 | 8.61 | 5 |
| Singapore | 9 | 8.40 | 8 |
| Paris | 10 | 8.35 | 10 |
| Los Angeles | 11 | 8.30 | 13 |
| Toronto | 12 | 8.56 | 6 |
| Stockholm | 13 | 8.19 | 18 |
| Houston | 14 | 7.54 | 61 |
| Montréal | 15 | 8.25 | 15 |
| Chicago | 16 | 8.30 | 14 |
| Shenzhen | 17 | 8.13 | 19 |
| Atlanta | 18 | 7.74 | 43 |
| Philadelphia | 19 | 8.20 | 17 |
| Dallas | 20 | 7.59 | 58 |
| Vancouver | 21 | 7.97 | 26 |
| Minneapolis | 22 | 7.91 | 32 |
| Munich | 23 | 8.04 | 21 |
| Shanghai | 24 | 8.00 | 25 |
| Berlin | 25 | 8.04 | 22 |
| Sydney | 26 | 8.34 | 11 |
| San Diego | 27 | 7.91 | 30 |
| Amsterdam | 28 | 8.03 | 23 |
| Phoenix | 29 | 7.74 | 42 |
| Manchester | 30 | 7.94 | 28 |
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