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North America Mutual Fund Industry Market Size (2024 - 2029)

The North America mutual fund market has demonstrated resilience despite the challenges posed by the COVID-19 pandemic, which has adversely affected the growth prospects of portfolio firms. The region's economic recovery has been robust, with significant rebounds in financial markets. Assets under management have experienced notable growth, driven by positive net flows across various client categories. However, the market continues to grapple with high mutual fund fees in Canada, despite the availability of competitively priced active management options.

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Market Size of North America Mutual Fund Industry

North America Mutual Fund Industry Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 5.00 %
Market Concentration Medium

Major Players

North America Mutual Fund Industry Major Players

*Disclaimer: Major Players sorted in no particular order

North America Mutual Fund Market Analysis

The COVID-19 situation is harming the funds' portfolio firms' short-term (within one year) and medium-term (within two to three years) growth prospects, with negative consequences on revenues, costs, and profitability. The role traditionally played by Private Equity Fund (PE Fund) investments in supporting private sector development in Emerging Markets (EMs) is being challenged by the COVID-19 pandemic.

North America's real economy has shown to be surprisingly durable. Last year began with a COVID-19-induced steep decline in GDP and skyrocketing unemployment, followed by a return to economic dormancy. The bounce-back was even more pronounced in the financial markets: following a 34% fall in US equity markets in March 2020, share prices climbed steadily to hit 34% above their pre-COVID-19 highs by the end of August 2021.

In North America, AUM rose 13% in 2020, including net new flows of 2.3%. Organic growth was broad-based, with five of seven major client categories showing positive net flows.

Canadians are still saddled with some of the world's most expensive mutual fund fees, even though several lesser-known independent fund companies provide quality active management at a reasonably low cost.

North America Mutual Fund Industry Segmentation

An understanding of the North American mutual fund industry, regulatory environment, MF companies, and their business models, along with detailed market segmentation, product types, current market trends, changes in market dynamics, and growth opportunities. In-depth analysis of the market size and forecast for the various segments.

By Fund Type
Equity
Bond
Hybrid
Money Market
By Investor Type
Households
Insitutional Investors
By Geography
United States
Canada
Mexico
Rest of North America
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North America Mutual Fund Industry Size Summary

The North American mutual fund market has demonstrated resilience despite the challenges posed by the COVID-19 pandemic, which initially impacted the financial landscape with significant declines in GDP and employment. The financial markets, however, rebounded strongly, with equity markets recovering and surpassing pre-pandemic levels. Mutual funds have become an essential conduit for consumers to engage with financial markets, particularly in the United States, where a substantial portion of families hold mutual fund shares. This growth in mutual fund prominence is reflected in their significant ownership of publicly traded U.S. corporate stocks. Despite the high fees associated with mutual funds in Canada, independent fund companies offer competitive active management options, contributing to the market's expansion.

The market landscape is characterized by the presence of major players such as Vanguard, Fidelity Investments, American Funds, J.P. Morgan Asset Management, and T. Rowe Price. These companies are not only focusing on traditional mutual fund offerings but are also exploring strategic expansions and technological advancements to enhance client engagement and operational efficiency. For instance, T. Rowe Price's acquisition of Oak Hill Advisors highlights a strategic move into alternative credit markets, while Fidelity's investment in fintech startup Jumo underscores a commitment to integrating financial services infrastructure. The adoption of digital channels and technology-driven client interactions is expected to bolster revenue prospects, particularly for firms that are digitally advanced.

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North America Mutual Fund Industry Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 A Brief on Regulatory Environment

    3. 1.3 Insights on Various Types of Schemes or Funds Offered in Mutual Fund Industry

    4. 1.4 Technological Innovations Shaping The Industry

    5. 1.5 Market Drivers

    6. 1.6 Market Restraints

    7. 1.7 Porters 5 Force Analysis

      1. 1.7.1 Threat of New Entrants

      2. 1.7.2 Bargaining Power of Buyers/Consumers

      3. 1.7.3 Bargaining Power of Suppliers

      4. 1.7.4 Threat of Substitute Products

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Fund Type

      1. 2.1.1 Equity

      2. 2.1.2 Bond

      3. 2.1.3 Hybrid

      4. 2.1.4 Money Market

    2. 2.2 By Investor Type

      1. 2.2.1 Households

      2. 2.2.2 Insitutional Investors

    3. 2.3 By Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Mutual Fund Industry Market Size FAQs

The North America Mutual Fund Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Vanguard, Fidelity Investments, American Funds, J P Morgan Asset Management and T. Rowe Price are the major companies operating in the North America Mutual Fund Market.

North America Mutual Fund Market Report Snapshots

North America Mutual Fund Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)