US Mutual Funds Industry - Growth, Trends, and Forecast (2020 - 2025)

US Mutual Funds Industry -(Segmented by Long Term & Money Market Mutual Funds and By Channel of Distribution )Growth, Trends, and Forecast (2019 - 2024)

Market Snapshot

Study Period:

2015-2024

Base Year:

2019

Major Players:

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Market Overview

As of 2018, the US total Mutual Funds net assets value reached USD 17.71 trillion. And expected to reach USD 23.73 trillion by 2024. The market has registered CAGR 5.21% in the period of 2012-2018.

With USD 17.7 trillion in total net assets, the US mutual fund industry remained the largest in the world at the year-end 2018. The majority of US mutual fund net assets at year-end 2018 were in long-term mutual funds, with equity funds alone making up 52 percent of US mutual fund net assets. Bond mutual funds were the second-largest category, with 23 percent of net assets. Money market funds (17 percent) and hybrid funds (8 percent) held the remainder.

Assets in US-registered major investment houses rose USD 3.3 trillion in 2017, to a record level at the year-end of USD 22.5 trillion. Of that USD 22.5 trillion, mutual funds and exchange‑traded funds (ETFs) accounted for the vast majority, USD 22.1 trillion.

As of 2018, there were a totally of 8042 registered Mutual Funds in April 2019. With 44.8% percent of households owns the MF investments across the country.

Scope of the Report

The US Mutual Funds has Segmented by Long Term like Equity (Domestic and International Mutual funds, Hybrid Mutual Funds, Bonds (Taxable and Municipal Bonds) and Money Market Mutual Funds (Taxable and Tax Exempt Money Market Mutual Funds). And it further segmented into By Channel of Distribution like (Full Service Broker, Discount Broker, Insurance Channel, Bank Channel, Financial Planner, and Direct Market).

BY TYPE OF MUTUAL FUNDS
Long Term Mutual Funds
Equity
Domestic equity
World equity
Hybrid
Bond
Taxable bond
Municipal bond
Money Market Mutual Funds
Taxable Money Market
Tax-Exempt Money Market
BY CHANNEL OF DISTRIBUTION
Full Service Broker
Discount Broker
Insurance Channel
Bank Channel
Financial Planner
Direct Market

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Key Market Trends

US Mutual Funds Market Scenario

US Mutual Funds cover a wide range of asset classes, such as stocks and bonds, as well as market caps, sectors, industries and styles. The funds can be passively or 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. Such funds give a chance to bet on companies like Apple, Amazon, Mastercard, Visa, Alphabet, Microsoft and Facebook. 

In the year 2018, in comparison with Asia market US-based funds have outperformed the Nifty. Franklin India Feeder-Franklin US Opportunities Fund has given a return of 18.46%, while ICICI US Bluechip Equity Fund has returned 17.11% compared to Sensex's 5.48%.

 For many large US firms, more than 40% of their revenues come from outside the US. In recent times, Many Mutual Funds’ investments routed through the SIP or STP due to economic slowdown predictions by several AUMs for the next couple of months.

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US - Top performing Mutual Funds in the year 2017

  • The Growth Fund of America Class R-6: RGAGX invests a bulk of its assets in common stocks of companies, which generally offer capital appreciation.  RGAGX also invests approximately one-fourth of its assets in securities of foreign companies. The fund attains its investment objective by using multiple portfolio management systems. American Funds: The Growth Fund of America Class R-6 has five-year annualized returns of 16.5%. As of September 2017, RGAGX held 399 issues with 6.19% of its assets invested in Amazon.com Inc.
  • American High-Income Municipal Bond Fund Class A:  AMHIX invests a major portion of its assets that provide federal income tax-free returns or that have returns subject to minimum alternative federal tax. AMHIX invests a minimum of half of its assets in debt instruments that are rated Baa1 or BBB+ or lower. American High-Income Municipal Bond A has five-year annualized returns of 4.9%. Chad Rach has been one of the fund managers of AMHIX since 2011.
  • American Funds Tax-Advantaged Income A: TAIAX invests in underlying American Funds, whose returns may be exempted from regular federal income tax. These funds include both equity and fixed income funds. TAIAX is expected to have significant exposure to dividend stocks by investing in these underlying funds. It may also invest in funds that allocate a sizable portion of their assets in foreign securities, which also include those issued in emerging markets. American Funds Tax-Advantaged Income A has five-year annualized returns of 8.1%. TAIAX has an expense ratio of 0.42% compared with the category average of 0.80%.

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Competitive Landscape

The US Mutual Funds Market is highly competitive, with the presence of major international players. The US Mutual FundsMarket presents opportunities for growth during the forecast period, which is expected to further drive market competition. With a few players holding a significant share, the US Mutual Funds Marketh as an observable level of consolidation.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Market

    2. 1.2 Market Definition

    3. 1.3 Executive Summary

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Study Deliverables

    2. 2.2 Study Assumptions

    3. 2.3 Analysis Methodology

    4. 2.4 Research Phases

  3. 3. MARKET INSIGHTS

    1. 3.1 Overview of US Current Economic and Financial Sector

    2. 3.2 Overview of US Financial Market and Investment Funds Industry Scenario

    3. 3.3 Impact of US SEC Regulatory Reforms on Mutual Funds Industry

    4. 3.4 Review and Commentary on US Financial Investments Assets Market after Economic Crisis 2008

    5. 3.5 Key Trends in US Assets and Wealth Management Industry

    6. 3.6 Review and Commentary on US AUM's Expense and Fees Ratios

    7. 3.7 Review and Commentary on Rising Investment & Asset Management Companies In US

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

    2. 4.2 Restraints

    3. 4.3 Opportunities

    4. 4.4 Porter's Five Forces Analysis

    5. 4.5 Industry's Eco-System

  5. 5. MARKET SEGMENTATION

    1. 5.1 BY TYPE OF MUTUAL FUNDS

      1. 5.1.1 Long Term Mutual Funds

        1. 5.1.1.1 Equity

          1. 5.1.1.1.1 Domestic equity

          2. 5.1.1.1.2 World equity

        2. 5.1.1.2 Hybrid

        3. 5.1.1.3 Bond

          1. 5.1.1.3.1 Taxable bond

          2. 5.1.1.3.2 Municipal bond

      2. 5.1.2 Money Market Mutual Funds

        1. 5.1.2.1 Taxable Money Market

        2. 5.1.2.2 Tax-Exempt Money Market

    2. 5.2 BY CHANNEL OF DISTRIBUTION

      1. 5.2.1 Full Service Broker

      2. 5.2.2 Discount Broker

      3. 5.2.3 Insurance Channel

      4. 5.2.4 Bank Channel

      5. 5.2.5 Financial Planner

      6. 5.2.6 Direct Market

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Strategies Adopted by Major Players

  7. *List Not Exhaustive
  8. 7. COMPANY PROFILES

    1. 7.1 BlackRock

    2. 7.2 The Vanguard Group

    3. 7.3 State Street Global Advisors

    4. 7.4 Fidelity Investments

    5. 7.5 J.P. Morgan Asset Management

    6. 7.6 BNY Mellon Investment Management

    7. 7.7 PIMCO

    8. 7.8 UBS

    9. 7.9 Allianz

    10. 7.10 Amundi*

  9. 8. INVESTMENT ANALYSIS

  10. 9. MAJOR MERGERS AND ACQUISITIONS IN THE US MUTUAL FUND INDUSTRY

  11. 10. FUTURE OF MUTUAL FUND INDUSTRY OF US

  12. 11. APPENDIX

  13. 12. DISCLAIMER

** Subject to Availability

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