Global Mutual Fund Assets Market Major Players 2024, Forecast To 2033

8 Oct, 2024

The mutual fund assets market size has grown rapidly in recent years, expected to increase from $608.42 billion in 2023 to $671.98 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to stock market performance, increased disposable income and savings, government tax benefits on mutual fund investments, the rising importance of retirement planning, and enhanced financial awareness and education. Looking ahead, the mutual fund assets market size is projected to reach $1,010.51 billion in 2028, with a CAGR of 10.7%. This anticipated growth can be linked to the evolving regulatory landscape, increased cross-border investment opportunities, heightened awareness and education, a low-interest rate environment, and greater involvement from institutional investors. Major trends during this forecast period include the incorporation of artificial intelligence and machine learning, blockchain technology, cloud-based solutions that enhance the scalability, flexibility, and security of mutual fund operations, and the development of mobile apps for mutual fund management and regulatory technology (regtech).

Global Mutual Fund Assets Market Key Driver

The rising aging population is projected to contribute significantly to the growth of the mutual fund assets market in the upcoming years. The aging population refers to individuals aged 65 and older, categorized as seniors. This demographic is increasing due to rising life expectancy and declining birth rates. As the aging population expands, there will be a notable boost in the mutual fund assets market as older individuals seek secure investment options for their retirement savings. As they approach retirement, these individuals typically shift from high-risk, growth-oriented investments to more conservative, income-generating mutual funds that provide stability and regular income. For example, the United Nations Department of Economic and Social Affairs, a US-based intergovernmental agency, projects that the global population of individuals aged 65 and older will more than double from 761 million in 2021 to 1.6 billion by 2050, representing one out of every six people worldwide by that year. Consequently, the rising aging population will drive the growth of the mutual fund assets market through 2023, into 2024, and is expected to continue expanding by 2028.

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Global Mutual Fund Assets Market Segments

The mutual fund assets market covered in this report is segmented –
1) By Type: Open-Ended, Close-Ended
2) By Investor Type: Retail, Institutional
3) By Investment Strategy: Equity Strategy, Fixed Income Strategy, Multi-Asset Or Balanced Strategy, Sustainable Strategy, Money Market Strategy, Other Investment Strategy
4) By Investment Style: Active, Passive
5) By Distribution Channel: Direct Sales, Financial Advisor, Broker-Dealer, Banks, Other Distribution Channels
By Geography:The regions covered in the mutual fund assets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. North America was the largest region in the mutual fund assets market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period.

Major Mutual Fund Assets Industry Players

JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley, BNP Paribas Asset Management Holding, Goldman Sachs Group Inc., Charles Schwab & Co. Inc., BlackRock Inc., Principal Financial Group Inc., Ameriprise Financial Inc., State Street Corporation, Franklin Resources Inc., Capital Group Companies Inc., The Vanguard Group Inc., Amundi Asset Management US Inc., Legg Mason Inc., Janus Henderson Group plc, Federated Hermes Inc., OppenheimerFunds Inc., Massachusetts Financial Services Company, Eaton Vance Corp., Pacific Investment Management Company LLC, Dimensional Fund Advisors LP, Wellington Management Company LLP, AllianceBernstein L.P., Dodge & Cox, Teachers Insurance and Annuity Association of America (TIAA), Putnam Investments LLC

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Mutual Fund Assets Market Overview

Mutual fund assets refer to the total value of the investments held within a mutual fund. These assets are composed of various securities and financial instruments that the fund manages on behalf of its investors. The value of mutual fund assets fluctuates based on the performance of the underlying investments and market conditions.

Mutual Fund Assets Global Market Report 2023 provides data on the global mutual fund assets market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mutual fund assets market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.