Graph and download economic data for Money Market Funds; Total Financial Assets, Level (MMMFFAQ027S) from Q4 1945 to Q2 2025 about MMMF, IMA, financial, assets, and USA.

Graph and download economic data for Mutual Funds; Total Financial Assets, Market Value Levels (BOGZ1LM654090000Q) from Q4 1945 to Q2 2025 about mutual funds, assets, and USA.

I provide summary statistics for closed funds in Panel A and open funds in Panel B from July 2003 to December 2017. Panel C contains the differences in means between the two groups of funds, the Folded F-test statistics of equality of variances, Student’s t-test statistics and Welch’s t-test statistics. *, **, and *** indicate significance at the 10%, 5%, and 1% levels, respectively. All variables are taken directly from the CRSP Mutual Fund database unless otherwise stated. Gross Monthly Return represents the return of a fund before fees and is calculated by adding the annual Net Expense Ratio of the fund, divided by 12, to the Net Monthly Return of the fund. The Net Monthly Return is the return of a fund to its shareholders after fees. Total Net Assets represents the size of a fund and is calculated as the sum of the Total Net Assets of all share classes belonging to the fund. Net Expense Ratio is the proportion of the total investments of a fund that went towards covering its operating expenses and may include waivers and reimbursements. Fund Turnover Ratio is taken directly from the CRSP Mutual Fund database and is defined as the minimum of aggregated sales and aggregated purchases of securities of a fund, divided by the fund’s 12-month average size. Age of Fund is the number of years that have passed since the inception date (“Fund First Offer Date”) of a fund’s oldest share class. Number of Funds in the Family is the total number of funds offered by the management company that oversees a fund. Family Total Size is the sum of the Total Net Assets of all funds belonging to the management company of a fund. Fractional Flow is the Sirri and Tufano [15] measure and is calculated as the monthly growth rate of the Total Net Assets of a fund minus the fund’s Net Monthly Return.

In 2020, more than ** percent of hedge fund managers classified as alternative data market leaders used ***** or more alternative data sets globally, while only ***** percent of the rest of the market used at least ***** alternative data sets. This highlights the difference between the level of alternative data experience between the two groups. Using *** or more alternative data sets was the most popular approach across both groups with ** percent of market leaders and ** percent of the rest of the market doing this.

Switzerland IMF Account: Fund Position: USD: Fund Holdings of Currency data was reported at 7.647 USD bn in Oct 2018. This records a decrease from the previous number of 7.814 USD bn for Sep 2018. Switzerland IMF Account: Fund Position: USD: Fund Holdings of Currency data is updated monthly, averaging 0.000 USD mn from Jan 1945 (Median) to Oct 2018, with 886 observations. The data reached an all-time high of 8.390 USD bn in Jan 2018 and a record low of 0.000 USD mn in Aug 1992. Switzerland IMF Account: Fund Position: USD: Fund Holdings of Currency data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Switzerland – Table CH.IMF.IFS: IMF Account: Fund Position.

China Flow of Funds: Household: Use: Investment Fund data was reported at 693.500 RMB bn in 2017. This records an increase from the previous number of 397.520 RMB bn for 2016. China Flow of Funds: Household: Use: Investment Fund data is updated yearly, averaging 293.600 RMB bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 892.741 RMB bn in 2015 and a record low of -101.800 RMB bn in 2009. China Flow of Funds: Household: Use: Investment Fund data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s National Accounts – Table CN.AD: Flow of Funds Accounts: Financial Transaction: Household.

Fund Data Management Market Outlook

According to our latest research, the global Fund Data Management market size reached USD 5.2 billion in 2024, reflecting the increasing demand for efficient data management solutions in the financial sector. The market is expected to grow at a robust CAGR of 12.1% during the forecast period, with the market size projected to reach USD 14.3 billion by 2033. This growth is primarily driven by the escalating complexity of regulatory requirements, the proliferation of data sources, and the need for real-time analytics and reporting in asset management and related industries.

One of the primary growth factors fueling the expansion of the Fund Data Management market is the rapidly evolving regulatory landscape. Financial institutions and asset managers are faced with stringent compliance mandates such as MiFID II, AIFMD, and Dodd-Frank, which require comprehensive and accurate data reporting. The necessity to maintain data integrity, transparency, and auditability has driven organizations to invest significantly in advanced fund data management solutions. These platforms are instrumental in streamlining data aggregation, validation, and dissemination processes, thereby reducing operational risks and ensuring adherence to global compliance standards. As regulatory scrutiny continues to intensify, the demand for robust fund data management systems is expected to remain strong.

Another significant driver for the Fund Data Management market is the exponential growth in data volumes generated by investment activities. The proliferation of digital trading platforms, alternative investment vehicles, and complex financial instruments has resulted in massive data inflows that must be effectively managed and analyzed. Fund managers and institutional investors are increasingly leveraging cutting-edge technologies such as artificial intelligence, machine learning, and cloud computing to enhance data quality, improve decision-making, and gain a competitive edge. The integration of these technologies within fund data management systems enables real-time data processing, predictive analytics, and advanced risk assessment, further accelerating market growth.

The ongoing digital transformation across the financial services industry is also playing a pivotal role in shaping the Fund Data Management market. Organizations are seeking to modernize their legacy infrastructure and adopt scalable, interoperable solutions that can seamlessly integrate with various data sources and third-party platforms. Cloud-based fund data management solutions, in particular, are gaining traction due to their flexibility, cost-effectiveness, and ability to support remote operations. The increasing adoption of cloud technology is enabling firms to centralize data management, enhance collaboration, and achieve operational efficiencies, thereby driving the overall market expansion.

From a regional perspective, North America continues to dominate the Fund Data Management market, supported by the presence of major financial institutions, advanced technological infrastructure, and a highly regulated environment. Europe follows closely, driven by stringent compliance requirements and the strong presence of asset management firms. Meanwhile, the Asia Pacific region is witnessing rapid growth, attributed to the expansion of financial markets, increasing adoption of digital solutions, and rising investments in fund management technology. Latin America and the Middle East & Africa are also experiencing steady growth, albeit at a slower pace, as regulatory frameworks mature and digital transformation initiatives gain momentum.

Component Analysis

The Component segment of the Fund Data Management market is broadly categorized into software and services. The software segment accounts for the largest market share, driven by the growing demand for integrated platforms that can handle complex data management tasks such as aggregation, cleansing, validation, and reporting. Modern fund data management software is equipped with advanced analytics, artificial intelligence, and machine learning capabilities, enabling organizations to derive actionable insights from vast datasets. These solutions are designed to automate repetitive tasks, minimize manual intervention, and ensure data consistency across multiple systems, which is critical for maintaining compliance and operational efficiency in the financial sector.

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The Federal Reserve Banks provide the Fedwire Funds Service, a real-time gross settlement system that enables participants to initiate funds transfer that are immediate, final, and irrevocable once processed. Depository institutions and certain other financial institutions that hold an account with a Federal Reserve Bank are eligible to participate in the Fedwire Funds Services. In 2008, approximately 7,300 participants made Fedwire funds transfers. The Fedwire Funds Service is generally used to make large-value, time-critical payments.The Fedwire Funds Service is a credit transfer service. Participants originate funds transfers by instructing a Federal Reserve Bank to debit funds from its own account and credit funds to the account of another participant. Participants may originate funds transfers online, by initiating a secure electronic message, or off line, via telephone procedures.

Switzerland Investment Fund: Number of Active Fund: Open: Securities data was reported at 136.000 Unit in Mar 2018. This records a decrease from the previous number of 137.000 Unit for Dec 2017. Switzerland Investment Fund: Number of Active Fund: Open: Securities data is updated quarterly, averaging 152.000 Unit from Sep 2005 (Median) to Mar 2018, with 51 observations. The data reached an all-time high of 212.000 Unit in Sep 2005 and a record low of 129.000 Unit in Jun 2017. Switzerland Investment Fund: Number of Active Fund: Open: Securities data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.O006: Investment Funds: by Type.

China Flow of Funds: Government: Use: Investment Fund data was reported at 364.500 RMB bn in 2017. This records an increase from the previous number of 198.161 RMB bn for 2016. China Flow of Funds: Government: Use: Investment Fund data is updated yearly, averaging 14.200 RMB bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 387.603 RMB bn in 2015 and a record low of -5.300 RMB bn in 2010. China Flow of Funds: Government: Use: Investment Fund data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s National Accounts – Table CN.AD: Flow of Funds Accounts: Financial Transaction: Government.

The United States Victims of State Sponsored Terrorism Fund Results of Operations table contains receipt and outlay amounts along with a beginning and end of fiscal year balance, as reported in the Treasury Bulletin. The Justice for United States Victims of State Sponsored Terrorism Act, 34 U.S.C. § 20144, formerly codified at 42 U.S.C. § 10609 (2015) (the “Act”), established the United States Victims of State Sponsored Terrorism Fund (the “Fund”). Please see the published Treasury Bulletin for more information regarding this fund.

The Sport Fish Restoration and Boating Trust Fund Sport Fish Expected Condition and Results of Operations table contains receipt and expense amounts along with a beginning and end of fiscal year balance for the next five years, as reported in the Treasury Bulletin. The Aquatic Resources Trust Fund (ARTF) was established on the books of the Treasury pursuant to the Deficit Reduction Act of 1984 [Public Law 98-369, division A, title X, section 1016(a), approved July 18, 1984]. The ARTF was restructured and renamed the Sport Fish Restoration and Boating Trust Fund by the Safe, Accountable, Flexible, Efficient Transportation Equity Act. Please see the published Treasury Bulletin for more information regarding this fund.

China Flow of Funds: Non Financial Enterprise: Use: Investment Fund data was reported at 550.600 RMB bn in 2017. This records an increase from the previous number of 303.718 RMB bn for 2016. China Flow of Funds: Non Financial Enterprise: Use: Investment Fund data is updated yearly, averaging 40.800 RMB bn from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 783.724 RMB bn in 2015 and a record low of -13.200 RMB bn in 2006. China Flow of Funds: Non Financial Enterprise: Use: Investment Fund data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s National Accounts – Table CN.AD: Flow of Funds Accounts: Financial Transaction: Non Financial Enterprise.

Switzerland Investment Fund: Number of Active Fund: Open: Conventional Investments data was reported at 1,328.000 Unit in Mar 2018. This records an increase from the previous number of 1,321.000 Unit for Dec 2017. Switzerland Investment Fund: Number of Active Fund: Open: Conventional Investments data is updated quarterly, averaging 1,074.000 Unit from Sep 2005 (Median) to Mar 2018, with 51 observations. The data reached an all-time high of 1,328.000 Unit in Mar 2018 and a record low of 445.000 Unit in Sep 2005. Switzerland Investment Fund: Number of Active Fund: Open: Conventional Investments data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.O006: Investment Funds: by Type.

United States Assets: Outs: NCIF: Mutual Fund Shares data was reported at 276.089 USD bn in Mar 2018. This records a decrease from the previous number of 276.545 USD bn for Dec 2017. United States Assets: Outs: NCIF: Mutual Fund Shares data is updated quarterly, averaging 7.922 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 276.545 USD bn in Dec 2017 and a record low of 0.000 USD bn in Dec 1961. United States Assets: Outs: NCIF: Mutual Fund Shares data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB005: Funds by Sector: Flows and Outstanding: Nonfinancial Corporate Business Incl Farm.

Brazil Number of Inv Fund: ICVM 555: Category: Stocks Fund data was reported at 4,173.000 Unit in Aug 2023. This records an increase from the previous number of 4,172.000 Unit for Jul 2023. Brazil Number of Inv Fund: ICVM 555: Category: Stocks Fund data is updated monthly, averaging 1,865.500 Unit from Jan 2006 (Median) to Aug 2023, with 212 observations. The data reached an all-time high of 4,263.000 Unit in Dec 2022 and a record low of 602.000 Unit in Jan 2006. Brazil Number of Inv Fund: ICVM 555: Category: Stocks Fund data remains active status in CEIC and is reported by Securities and Exchange Commission of Brazil. The data is categorized under Global Database’s Brazil – Table BR.ZC001: Investment Fund: Number of Investment Fund. The ICVM 555 is the instruction that replaces the ICVM 409 OF August 18, 2004, starting to provide about establishment, management, operation and dissemination of investment fund information. The investment fund is a pooling of resources, made in the form of condominium for the investment in financial assets. The fund can be constituted as open condominium, in which quota holders can request redemption of their shares as set out in its rules, or closed, in which quotas only be redeemed at the end of the term of the fund. It is considered 'exclusive' the fund for professional investors set up for receive applications exclusively from a single shareholder. Consider social security the funds set up for implementation of resource: open or closed private pension; own social security systems set up by the Union, the States, the Federal District or Municipalities; plans to open private pension and life insurance with survival coverage clause, according to regulations issued by the National Council of Private Insurance; and FAPI - Individual Programmed Retirement Fund.

Switzerland Investment Fund: Number of Active Fund: Open: Alternative Investments data was reported at 46.000 Unit in Mar 2018. This records an increase from the previous number of 45.000 Unit for Dec 2017. Switzerland Investment Fund: Number of Active Fund: Open: Alternative Investments data is updated quarterly, averaging 72.000 Unit from Sep 2005 (Median) to Mar 2018, with 51 observations. The data reached an all-time high of 109.000 Unit in Jun 2008 and a record low of 38.000 Unit in Dec 2016. Switzerland Investment Fund: Number of Active Fund: Open: Alternative Investments data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.O006: Investment Funds: by Type.

United States Assets: Flow: LI: saar: Mutual Fund Shares data was reported at -80.472 USD bn in Mar 2018. This records an increase from the previous number of -100.958 USD bn for Dec 2017. United States Assets: Flow: LI: saar: Mutual Fund Shares data is updated quarterly, averaging 0.108 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 96.828 USD bn in Dec 2007 and a record low of -186.689 USD bn in Dec 2016. United States Assets: Flow: LI: saar: Mutual Fund Shares data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB021: Funds by Sector: Flows and Outstanding: Insurance Companies.

Brazil Mutual Investment Fund: Investment Fund Of State Co: Net Worth data was reported at 29,015.440 BRL mn in Aug 2019. This records a decrease from the previous number of 29,576.935 BRL mn for Jul 2019. Brazil Mutual Investment Fund: Investment Fund Of State Co: Net Worth data is updated monthly, averaging 13,904.912 BRL mn from Sep 1994 (Median) to Aug 2019, with 300 observations. The data reached an all-time high of 47,566.176 BRL mn in Apr 2012 and a record low of 2,601.757 BRL mn in Sep 1994. Brazil Mutual Investment Fund: Investment Fund Of State Co: Net Worth data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Global Database’s Brazil – Table BR.OE001: Mutual Investment Funds (Discontinued).