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US Mutual Funds Industry Market Size (2024 - 2029)

The US mutual fund industry is poised for growth in terms of market size over the forecast period, maintaining its position as the largest globally. Despite challenges such as economic impacts from COVID-19 and evolving investor preferences, the industry continues to encompass a diverse range of asset classes. The market's expansion is characterized by a slowdown in organic growth and pressures on fees and profit margins, yet it remains robust with smaller companies gaining traction against larger counterparts.

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Market Size of US Mutual Funds Industry

US Mutual Funds Industry Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 34.35 Trillion
Market Size (2029) USD 42.24 Trillion
CAGR (2024 - 2029) 4.22 %
Market Concentration Medium

Major Players

US Mutual Funds Industry Major Players

*Disclaimer: Major Players sorted in no particular order

US Mutual Fund Market Analysis

The US Mutual Funds Industry in terms of assets under management value is expected to grow from USD 34.35 trillion in 2024 to USD 42.24 trillion by 2029, at a CAGR of 4.22% during the forecast period (2024-2029).

With a whopping USD 26.96 trillion in total net assets, the US mutual fund industry remained the largest in the world in 2021. The United States accounted for almost more than 40% of the global mutual fund market.

The United States accounted for a quarter of the global number of mutual funds in 2021. To understand the massive size of the US market, it can be said that it holds almost a quarter of all funds when compared globally. US Mutual Funds cover a wide range of asset classes, such as stocks and bonds, market caps, sectors, industries, and styles. The funds are actively managed to achieve short and long-term returns. US Funds comprise many large companies in various industries like automobile, technology, healthcare, and the internet.

COVID-19 carries unprecedented economic damage over natural disasters. It has impacted almost all of the economy, such as production, consumption, and accumulation. The financial markets and their segments like equity, bond, and commodity markets (oil and gold) are severely affected. Organic growth in the US mutual fund industry has continued to slow, despite upside surprises in the overall market in 2020. The long-term outlook is under stress, too, from downward pressure on fees, reduced profit margins, and changing investor preferences. The mutual fund space has grown over the pandemic, and interestingly in 2021, several smaller companies have gained momentum and outpaced the growth of established significant players.

US Mutual Fund Industry Segmentation

The US mutual funds industry is segmented by fund type (equity, bond, hybrid, and money market), investor type (households and institutions), and channel of purchase (discount broker/mutual fund supermarket, distributed contribution retirement plan, direct sales from mutual fund companies, and professional financial adviser). The report offers market size and forecasts for the United States Mutual Funds Industry in value (USD Million) for all the above segments.

By Fund Type
Equity
Bond
Hybrid
Money Market
By Investor Type
Households
Institutions
By Channel of Purchase
Discount Broker/Mutual Fund Supermarket
Distributed Contribution Retirement Plan
Direct Sales from Mutual Fund Companies
Professional Financial Adviser
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US Mutual Funds Industry Size Summary

The US mutual fund industry stands as a dominant force in the global financial landscape, accounting for a significant portion of the world's mutual funds and assets under management. This industry encompasses a diverse array of asset classes, including stocks and bonds, and spans various sectors such as technology, healthcare, and finance. The funds are designed to cater to both short-term and long-term investment goals, with many large US companies like Apple and Microsoft being key components. Despite the challenges posed by the COVID-19 pandemic, which affected economic activities and financial markets, the industry has shown resilience. The pandemic led to a shift in investment strategies, with increased interest in systematic investment plans (SIPs) and systematic transfer plans (STPs) as investors navigated economic uncertainties.

The competitive landscape of the US mutual fund industry is marked by the presence of major international players, including BlackRock, Vanguard, and Fidelity Investments. These companies hold substantial market shares, contributing to a level of consolidation within the industry. The rise of financial technology (fintech) has further transformed the industry, making personal finance more accessible and simplifying investment processes for consumers. The fintech sector, despite facing challenges due to reduced transaction volumes in certain industries, has seen growth in areas like e-commerce and everyday spending. The industry's outlook remains positive, with opportunities for growth and increased competition anticipated in the coming years.

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US Mutual Funds Industry Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

      1. 1.1.1 Overview of the US Current Economic and Financial Sector

      2. 1.1.2 Overview of the US Financial Market and Investment Funds Industry Scenario

    2. 1.2 A Brief on Regulatory Environment

      1. 1.2.1 Impact of the US SEC Regulatory Reforms on the Mutual Funds Industry

      2. 1.2.2 Review and Commentary on the US Financial Investments Assets Market after the Economic Crisis of 2008

    3. 1.3 Performance of Mutual Funds in the United States

      1. 1.3.1 Insights into Entry and Exits of Mutual Funds of the United States

      2. 1.3.2 Insights into Various Types of Fees and Expenses of funds in the Mutual Fund Industry

      3. 1.3.3 Insights into Operating Cost and Revenue Generated

    4. 1.4 Technological Innovations Shaping the Industry

    5. 1.5 Market Drivers

    6. 1.6 Market Restraints

    7. 1.7 Porter Five Forces

      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 AND ANALYSIS

    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 Institutions

    3. 2.3 By Channel of Purchase

      1. 2.3.1 Discount Broker/Mutual Fund Supermarket

      2. 2.3.2 Distributed Contribution Retirement Plan

      3. 2.3.3 Direct Sales from Mutual Fund Companies

      4. 2.3.4 Professional Financial Adviser

US Mutual Funds Industry Market Size FAQs

The US Mutual Funds Market size is expected to reach USD 34.35 trillion in 2024 and grow at a CAGR of 4.22% to reach USD 42.24 trillion by 2029.

In 2024, the US Mutual Funds Market size is expected to reach USD 34.35 trillion.

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