US Mutual Fund Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers US Mutual Fund Market Size & Industry Trends and it 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.

US Mutual Fund Market Size

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

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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 Market Trends

US Mutual Funds Market Scenario

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

US Mutual Funds Industry: Total Net Assets of US Registered Mutual Funds Worldwide (2015-2021), in USD Trillion

Growing Personal Finance Sector is Driving the Market

The personal finance market segment contains automated investment services that enable private investors to align their investment strategy or portfolio using automated recommendations.

The fintech sector's been hurt by the sharp decline in overall transactions and payments volumes. For example, the travel, tourism, restaurants, and entertainment industries are down by 70% to 90% year-over-year, while cross-border transactions are down 50%. On the other hand, companies report payment volume increase in everyday spending categories, like food and grocery stores. Sharp acceleration and shift to e-commerce have been observed as people buy and order items from home.

The rise of financial technology (fintech) has transformed how service providers engage with their customers. Fintech has simplified the complicated personal finance industry, making it far more accessible for the average consumer.

Companies that use robotic process automation for banking tasks see a return on investment of up to 100% within three to eight months.

The value of an investment in fintech companies worldwide reached more than USD 225.7 billion in 2021. The Americas were the region attracting the most investments in the sector, accounting for nearly 80% of the total.

US Mutual Funds Industry: US Forecasted Investment in Fintech, In USD Billion, 2022-2027

US Mutual Fund Industry Overview

The US mutual funds industry is highly competitive, with major international players. The US mutual funds industry presents opportunities for growth during the forecast period, which is expected to drive market competition further. With a few players holding a significant share, the US mutual funds industry has an observable level of consolidation. The report profiles companies including BlackRock Asset Management, The Vanguard Group, State Street Global Advisors, Fidelity Investments, and J.P. Morgan Asset Management, among others.

US Mutual Fund Market Leaders

  1. BlackRock Asset Management

  2. The Vanguard Group

  3. State Street Global Advisors

  4. Fidelity Investments

  5. J.P. Morgan Asset Management

*Disclaimer: Major Players sorted in no particular order

US Mutual Funds Industry Concentration
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US Mutual Fund Market News

  • November 2022: Asset manager BlackRock acquired US battery energy storage developer Jupiter Power from EnCap Investments.
  • September 2022: BlackRock Real Assets acquired SolarZero, a leading solar and smart battery sector player based in New Zealand.

US Mutual Fund Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

      1. 4.1.1 Overview of the US Current Economic and Financial Sector

      2. 4.1.2 Overview of the US Financial Market and Investment Funds Industry Scenario

    2. 4.2 A Brief on Regulatory Environment

      1. 4.2.1 Impact of the US SEC Regulatory Reforms on the Mutual Funds Industry

      2. 4.2.2 Review and Commentary on the US Financial Investments Assets Market after the Economic Crisis of 2008

    3. 4.3 Performance of Mutual Funds in the United States

      1. 4.3.1 Insights into Entry and Exits of Mutual Funds of the United States

      2. 4.3.2 Insights into Various Types of Fees and Expenses of funds in the Mutual Fund Industry

      3. 4.3.3 Insights into Operating Cost and Revenue Generated

    4. 4.4 Technological Innovations Shaping the Industry

    5. 4.5 Market Drivers

    6. 4.6 Market Restraints

    7. 4.7 Porter Five Forces

      1. 4.7.1 Threat of New Entrants

      2. 4.7.2 Bargaining Power of Buyers/Consumers

      3. 4.7.3 Bargaining Power of Suppliers

      4. 4.7.4 Threat of Substitute Products

      5. 4.7.5 Intensity of Competitive Rivalry

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION AND ANALYSIS

    1. 5.1 By Fund Type

      1. 5.1.1 Equity

      2. 5.1.2 Bond

      3. 5.1.3 Hybrid

      4. 5.1.4 Money Market

    2. 5.2 By Investor Type

      1. 5.2.1 Households

      2. 5.2.2 Institutions

    3. 5.3 By Channel of Purchase

      1. 5.3.1 Discount Broker/Mutual Fund Supermarket

      2. 5.3.2 Distributed Contribution Retirement Plan

      3. 5.3.3 Direct Sales from Mutual Fund Companies

      4. 5.3.4 Professional Financial Adviser

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 BlackRock

      2. 6.2.2 The Vanguard Group

      3. 6.2.3 State Street Global Advisors

      4. 6.2.4 Fidelity Investments

      5. 6.2.5 J.P. Morgan Asset Management

      6. 6.2.6 BNY Mellon Investment Management

      7. 6.2.7 PIMCO

      8. 6.2.8 UBS

      9. 6.2.9 Allianz

      10. 6.2.10 Amundi*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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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 Fund Market Research 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.

BlackRock Asset Management, The Vanguard Group, State Street Global Advisors, Fidelity Investments and J.P. Morgan Asset Management are the major companies operating in the US Mutual Funds Market.

In 2023, the US Mutual Funds Market size was estimated at USD 32.96 trillion. The report covers the US Mutual Funds Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Mutual Funds Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The US Mutual Fund Market is segmented by a) Fund Type: Equity, Bond, Hybrid, Money Market b) Investor Type: Households and Institutions c) Channel of Purchase: Discount Broker/Mutual Fund Supermarket, Retirement Plans, Direct Sales and Financial Advisor

US Mutual Fund Industry Report

The US mutual fund market is experiencing significant growth, driven by innovations such as online platforms and robo-advisors that enhance how investors access and manage their investments. The US mutual fund industry is Segmented by fund type, investor type, and channel of purchase, the US mutual fund industry caters to a diverse range of investment strategies and risk preferences. Fund types include equity, bond, hybrid, and money market funds, while investor types are primarily divided into households and institutions, each with distinct needs and investment behaviors. Channels of purchase vary from discount brokers and mutual fund supermarkets to direct sales from mutual fund companies and professional financial advisers, offering multiple avenues for fund transactions. The US mutual fund market size is also characterized by its regional diversity, with significant activities in the Northeast, Midwest, South, and West, reflecting the varied economic dynamics across the country. Technological advancements and changing investor behaviors continue to shape the mutual fund landscape, presenting both challenges and opportunities for growth within the sector. For detailed statistics on the US mutual fund market share, size, and revenue growth rate, consult Mordor Intelligence™ Industry Reports. These reports provide a market forecast outlook and historical overview, available as a free report PDF download.

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US Mutual Fund Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)