Market Size of Canada Asset Management Industry
![Canada Asset Management Market Summary](https://s3.mordorintelligence.com/canada-asset-management-industry/1695584535429_canada-asset-management-industry_Market_Summary.webp)
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 4.00 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canada Asset Management Market Analysis
The Canadian asset management Market has generated a revenue of over USD 4.57 trillion in the current year and is anticipated to register a CAGR of more than 4% for the forecast period.
Certain active categories have generated strong asset growth, like large-cap equity funds, government-focused fixed-income funds, money market funds, and specialized products. Canadian investment managers have been investing in alternatives much before the counterpart countries hopped onto the bandwagon due to low-interest rates and volatile public markets. The fintech market in Canada is also growing at a fast pace, aiding the overall growth of the asset management industry.
Additionally, though the industry has shown its trademark resilience, homegrown leaders continue to feel the pressure of mounting competition, consumer shifts, and rippling impacts of the global pandemic. Big asset managers are looking at expanding into alternatives and low-cost beta products to the point where many players have gone down the route of partnering with a hedge fund or private equity managers on the alpha side and looking into ETF-style platforms on the beta site.
The industry’s relationship with technology has also brightened, even if familiar uncertainties linger. While organizations are becoming more confident and adept in adopting the likes of blockchain, bots, data analytics, and artificial intelligence (AI), reservations persist as to how these resources will pay back their investments and how organizations can mitigate their potential risks. Moreover, considering that there is always a new competitor willing to look beyond these reservations, organizations are feeling the pressure to make a decision or fall behind.
Fixed-income markets were disrupted at the beginning of the COVID-19 crisis. As whole industries temporarily shut down, businesses and households ran down their savings or needed credit to survive income losses. As volatility increased, portfolio managers sold securities to manage their leveraged exposures or meet actual and anticipated margin calls and redemption requests. In financial markets, a substantial part of the demand for money comes from asset managers. Post-COVID-19, the Canadian ETF space reached another all-time high as economic opportunities and risks, along with product innovation, spur continued demand among investors.
Canada Asset Management Industry Segmentation
Asset management is one of the most widely demanded markets as people are adopting digitalization. A complete background analysis of the Canadian asset management market includes an assessment of the economy, market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles in the report.
The Canadian asset management market is segmented by asset class (equity, fixed income, alternative investment, hybrid, cash management), source of funds (pension funds and insurance companies), individual investors (retail+ high net worth clients), corporate investors, other sources (government, trust funds, and others), and type of asset management firms (large financial institutions/bulge bracket banks, mutual funds and ETFs, private equity and venture capital, fixed income funds, hedge funds, and other types).
The report offers market sizes and forecasts in value (USD) for all the above segments.
By Asset Class | |
Equity | |
Fixed Income | |
Alternative Investment | |
Hybrid | |
Cash Management |
By Source of Funds | |
Pension Funds and Insurance Companies | |
Individual Investors (Retail+ High Net Worth Clients) | |
Corporate Investors | |
Other Sources of Funds (Government, Trust Funds, and Other Sources) |
By Type of Asset Management Firms | |
Large Financial Institutions/Bulge Brackets Banks | |
Mutual Funds and ETFs | |
Private Equity and Venture Capital | |
Fixed Income Funds | |
Hedge Funds | |
Other Types of Asset Management Firms |
Canada Asset Management Market Size Summary
The Canadian asset management market has seen strong growth in recent years, with certain active categories, such as large-cap equity funds, government-focused fixed-income funds, money market funds, and specialized products, showing significant asset growth. The growth of the fintech market in Canada has also contributed to the overall expansion of the asset management industry. Despite facing challenges such as increased competition, consumer shifts, and the impacts of the global pandemic, the industry has shown resilience. Many big asset managers are now looking to expand into alternatives and low-cost beta products, often through partnerships with hedge funds or private equity managers. The industry's relationship with technology has also evolved, with organizations increasingly adopting technologies such as blockchain, bots, data analytics, and artificial intelligence. However, there are still concerns about how these investments will pay off and how potential risks can be mitigated. The market has also been influenced by the COVID-19 crisis, which disrupted fixed-income markets and led to increased volatility. Post-pandemic, the Canadian ETF space reached new heights due to economic opportunities and risks, as well as product innovation. The market is expected to continue growing during the forecast period, driven by factors such as the increasing popularity of responsible investment funds and the wide range of asset classes available through mutual funds and ETFs.
Explore MoreCanada Asset Management Market Size - Table of Contents
-
1. MARKET INSIGHTS AND DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Use of Data-Driven Approaches
-
-
1.3 Market Restraints
-
1.3.1 Stringent Regulatory Scenario
-
-
1.4 Market Opportunities
-
1.4.1 Integration of Novel Technologies
-
-
1.5 Insights on Industry Policies and Government Regulations
-
1.6 Insights on Asset Management Process Flow
-
1.7 Industry Attractiveness: Porter's Five Forces Analysis
-
1.7.1 Bargaining Power of Suppliers
-
1.7.2 Bargaining Power of Buyers
-
1.7.3 Threat of New Entrants
-
1.7.4 Threat of Substitutes
-
1.7.5 Intensity of Competitive Rivalry
-
-
1.8 Insights on Technological Innovations Shaping the Market
-
1.9 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Asset Class
-
2.1.1 Equity
-
2.1.2 Fixed Income
-
2.1.3 Alternative Investment
-
2.1.4 Hybrid
-
2.1.5 Cash Management
-
-
2.2 By Source of Funds
-
2.2.1 Pension Funds and Insurance Companies
-
2.2.2 Individual Investors (Retail+ High Net Worth Clients)
-
2.2.3 Corporate Investors
-
2.2.4 Other Sources of Funds (Government, Trust Funds, and Other Sources)
-
-
2.3 By Type of Asset Management Firms
-
2.3.1 Large Financial Institutions/Bulge Brackets Banks
-
2.3.2 Mutual Funds and ETFs
-
2.3.3 Private Equity and Venture Capital
-
2.3.4 Fixed Income Funds
-
2.3.5 Hedge Funds
-
2.3.6 Other Types of Asset Management Firms
-
-
Canada Asset Management Market Size FAQs
What is the current Canada Asset Management Market size?
The Canada Asset Management Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Canada Asset Management Market?
RBC Group, TD Asset Management Inc., BlackRock Asset Management Canada Ltd, CIBC Asset Management Inc. and Fidelity Canada Institutional are the major companies operating in the Canada Asset Management Market.