This ranking presents the largest providers of Exchange Traded Funds (ETFs) in the United States as of April 21, 2025, by assets under management (AUM). At that time, BlackRock proved to be the ******* ETFs provider, with managed assets amounting to approximately ***** trillion U.S. dollars. What is an exchange traded fund? An Exchange Traded Funds (ETF) is type of fund which owns assets whose ownership is divided into shares. An ETF trades like common stock on a stock exchange. Its forerunners were mutual and index funds. ETFs typically have lower fees than mutual funds and can be bought and sold throughout the day. The number of ETFs worldwide grew tremendously since 2005, rising from *** in 2005 to over ****** in 2023. Global EFT growth Most of the growth regarding ETFs has occurred in North America, with Europe and the rest of the world taking longer to catch on. ETF assets in North America totaled around *** trillion U.S. dollars, and in the United States there were ***** main providers of ETFs: BlackRock, Vanguard and State Street.

The value of assets of exchange traded funds (ETFs) worldwide grew markedly during the period from 2003 to 2023, reaching over **** trillion U.S. dollars in 2023. The number of ETFs worldwide grew as well during the period, from *** in 2003, up to ***** in 2022. What are ETFs? An exchange traded fund is a type of investment fund traded on a stock exchange, but differs from traditional mutual funds as they can be traded throughout the day, and not just once a day. Most ETFs are following the performance of a stock market index, such as the S&P 500. Benefits of ETFs ETFs are an easy way for an investor to diversify their portfolio and are attractive to investors for a number of reasons. The stock-like features that they exhibit make them manageable, whether they are being used for asset allocation long-term investment purposes or a short-term market timed investment strategies. ETFs do not require active management, which has the advantage of making them relatively low cost. They also have typically low marketing costs and accounting expenses.

Snapshot img

ETF Market Size 2025-2029

The ETF market size is forecast to increase by USD 17.94 billion at a CAGR of 20.2% between 2024 and 2029.

The market continues to experience robust growth, with increasing institutional adoption and investor preference for cost-effective, diversified investment solutions. One of the key drivers propelling this market forward is the expansion of bond ETFs, blockchains which now account for over one-third of the total assets under management. This trend is expected to persist, as fixed income securities offer attractive yields in the current low-interest-rate environment. However, the market is not without its challenges. A significant concern is the potential for transaction risks, particularly in illiquid securities. This risk can lead to price discrepancies between the ETF's net asset value and its market price, potentially resulting in losses for investors.
Additionally, market volatility and sudden price movements can exacerbate these risks, making it crucial for market participants to closely monitor market conditions and adjust their strategies accordingly. Companies seeking to capitalize on the growth opportunities in the market while mitigating transaction risks may consider focusing on liquid securities and implementing robust risk management strategies.

What will be the Size of the ETF Market during the forecast period?

Request Free Sample

The exchange-traded fund (ETF) market continues to evolve, integrating advanced technologies and applications across various sectors. Machine learning algorithms enhance the investment process, enabling more precise index construction in fixed income ETFs. Currency ETFs leverage technology to offer real-time exposure to foreign exchange markets. Small businesses benefit from scalability and affordability, with increasing numbers turning to ETFs for diversified investment opportunities. Service providers and financial institutions collaborate to ensure financial market stability, offering innovative solutions for passive investing strategies, including index funds and index mutual funds.
The integration of artificial intelligence and blockchain technology further enhances ETF offerings, reducing transaction costs and improving security. The ongoing unfolding of market activities reveals evolving patterns in trade finance, international trade, and asset management. ETFs continue to adapt, providing investors with efficient and cost-effective investment vehicles.

How is this ETF Industry segmented?

The etf industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Fixed income ETF
  Equity ETF
  Commodity ETF
  Real estate ETF
  Others


Product Type

  Large cap ETFs
  Mega cap ETFs
  Mid cap ETFs
  Small cap ETFs


End-User

  Retail Investors
  Institutional Investors


Investment Type

  Active
  Passive


Distribution Channel

  Brokerage Platforms
  Direct Sales


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Switzerland
    The Netherlands
    UK


  Middle East and Africa

    UAE


  APAC

    China
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The fixed income etf segment is estimated to witness significant growth during the forecast period.

In the dynamic securities markets of 2024, the fixed income Exchange-traded fund (ETF) emerged as a leading investment choice. This type of ETF, which invests in various fixed-income securities like corporate, municipal, and treasury bonds, is traded on a centralized stock exchange. In contrast, most corporate bonds are sold through bond brokers, limiting bond buyers' exposure to the stock exchange. Fixed income ETFs, however, provide extensive exposure, enabling investors to participate in the stock exchange's activity. These ETFs employ various technologies, such as Optical Character Recognition and Machine Learning, to ensure efficient trade processing and risk management.

Additionally, the integration of Blockchain technology enhances security and transparency. Fixed income ETFs cater to diverse investor needs, including small businesses seeking scalability and financial institutions aiming for financial market stability. The market offers various categories, such as Government Bond ETFs, which invest in government securities, and Currency ETFs, which provide exposure to foreign currencies. Furthermore, Real Estate ETFs, Commodity ETFs, and Alternative Trading Funds expand the investment universe. Service providers play a crucial role in facilitating these investment solutions, ensuring affordability through passive investing strategies and competitive transaction costs. Trade agreements and internati

The global ETF Index Fund market is experiencing robust growth, driven by increasing investor preference for diversified, low-cost investment vehicles. The market's appeal stems from its accessibility, transparency, and potential for significant returns, particularly in volatile market conditions. While precise market sizing requires specific data, considering a conservative CAGR of 10% (a common rate for established investment products) and a 2025 market value of $5 trillion (a reasonable estimate based on the significant presence of major players like BlackRock and Vanguard and the overall size of the investment management industry), we can project substantial expansion over the forecast period (2025-2033). Key drivers include the rising popularity of passive investment strategies, technological advancements improving trading efficiency, and the growing sophistication of retail and institutional investors. The segmentation by application (Investment & Financial Management, Risk Hedging, Others) and fund type (S&P 500, Nasdaq 100, Others) reflects the market’s diverse offerings and caters to a broad spectrum of investor needs and risk tolerances. Growth may be somewhat constrained by regulatory changes, macroeconomic uncertainty, and competition from other investment products. However, the long-term outlook remains positive, with substantial opportunities for expansion in emerging markets and through innovative product development. Geographic distribution shows significant concentration in North America and Europe, reflecting the maturity of these markets. However, rapid growth is expected in Asia-Pacific, particularly in China and India, as these regions experience increasing wealth creation and investor participation in the financial markets. The presence of major Chinese players like Guotai-Junan, GF Securities, Eastmoney, ChinaAMC, Hua An Fund, and Dacheng Fund highlights the escalating importance of this region. Competitive intensity is high, with established global giants like BlackRock, Vanguard, and State Street Global Advisors vying for market share alongside regional players. Future growth will depend on factors like the successful integration of innovative technologies, the development of niche index funds catering to specific market segments (e.g., sustainable investing, thematic ETFs), and the ability of companies to adapt to evolving regulatory landscapes.

Increased investor money is flowing into capital markets through mutual funds, both globally and in India. Though actively managed funds dominate Assets Under Management (AUM) charts, increasing awareness and trading volumes are channelling investments into passive investing products such as Index mutual funds and Exchange Traded Funds (ETFs). With stock exchanges designing and offering a variety of indices, more Asset Management Companies (AMCs) are seeking permission from market regulators to start offering newer ETF products. Governments, such as in India, are using the ETF route to achieve its divestment targets. ETF volumes of equity and commodities are picking up on trading terminals as India is gearing up for new ETF categories - Debt ETF and Smart Beta ETFs. All these facts point out that Indian financial market is joining the matured markets league. Mere building new financial products might not be sufficient and chasing growth always poses challenges. This paper attempts to understand the concept and dynamics of ETFs, recent regulations, how Governments are using them in their divestment process and to understand if Indian investors are ready for such products. Further, we attempt to give some suggestions that help deepen ETF penetration in India.

The size of the North America ETF Industry market was valued at USD 8.06 Million in 2023 and is projected to reach USD 20.17 Million by 2032, with an expected CAGR of 14.00% during the forecast period. The Exchange-Traded Fund (ETF) industry refers to the sector of the financial market focused on the creation, management, and distribution of ETFs. ETFs are investment funds traded on stock exchanges, similar to stocks, that hold assets such as stocks, bonds, commodities, or a combination of asset types. These funds aim to replicate the performance of a particular index, sector, commodity, or asset class, offering investors diversified exposure to these assets without needing to purchase each individually. The ETF industry has grown rapidly over recent decades, driven by investor demand for cost-effective, diversified, and flexible investment options. ETFs are highly popular due to their liquidity, as they can be bought or sold throughout the trading day, unlike mutual funds that only trade at the end of the day. Additionally, ETFs often have lower expense ratios than mutual funds, making them an attractive choice for cost-conscious investors. The industry is also supported by advancements in technology and regulatory changes, which have made it easier for fund providers to develop specialized ETFs, including those focused on specific industries, geographies, or investment themes (such as ESG or technology-focused ETFs). Recent developments include: August 2023: LG collaborated with financial technology firm Qraft Technologies to launch an ETF in the United States. The collaboration was formed to form a strategic technological development alliance between LG and SoftBank-backed Qraft, which has four US-listed ETFs with AI-managed assets. The two companies established a new ETF that includes approximately 100 large-cap companies., July 2023: Toronto-based Brompton Funds Limited introduced a new ETF that invests exclusively in the preferred shares of split corporations, the first fund of its kind in Canada. The ETF intends to cover all preferred share split issues in the market and provides split share exposure for investors.. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: Rising Investment on Equity ETF.

As of August 2024, the exchanged traded fund listed in Europe with the highest net inflow was the iShares Core S&P 500 UCITS ETF. From the start of the year up until this point, the ETF recorded more than 10.4 billion U.S. dollars of net inflows, being the difference between investors who purchase shares in the fund and investors who redeem shares in the fund.

Broad Based Index Fund Market Outlook

The global broad-based index fund market size was valued at USD 5.3 trillion in 2023 and is projected to reach USD 11.2 trillion by 2032, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period. This substantial growth is driven by increasing investor interest in passive investment strategies, along with the rising emphasis on cost-effective and diversified portfolio management.

The surge in demand for broad-based index funds can be attributed to several key growth factors. Firstly, the growing awareness and education about the benefits of passive investing over active management have played a significant role. Investors are increasingly leaning towards index funds due to their lower expense ratios, tax efficiency, and the ability to provide broad market exposure with minimal effort. Secondly, technological advancements and the rise of fintech have made these funds more accessible to a wider audience through online platforms and robo-advisors, democratizing investment opportunities for retail investors globally. Lastly, regulatory changes in many regions are encouraging greater transparency and lower fees in the financial services industry, which further bolsters the attractiveness of index funds as a preferred investment vehicle.

The popularity of broad-based index funds is also bolstered by their performance resilience during market volatility. Historical data indicates that while actively managed funds often struggle to outperform the market consistently, index funds tend to provide more stable returns over the long term. This trend has been particularly noticeable during economic downturns and periods of market uncertainty, where investors seek the relative safety and predictability offered by broad-based diversified portfolios. Additionally, the increased focus on retirement planning and the shift from defined benefit to defined contribution retirement plans have spurred the growth of index funds as they are often the preferred choice in retirement accounts due to their long-term growth potential and lower costs.

The regional outlook for the broad-based index fund market highlights significant growth potential across various geographies. North America, particularly the United States, remains the largest market for index funds, driven by the deep-rooted culture of investing and a well-established financial infrastructure. Europe follows closely, with growth fueled by regulatory support and increasing investor awareness. The Asia Pacific region is expected to witness the highest growth rate, propelled by the burgeoning middle class, rising disposable incomes, and increasing penetration of financial services. Latin America and the Middle East & Africa are also anticipated to demonstrate steady growth as financial markets in these regions continue to develop and mature.

Mutual Funds Sales have seen a notable uptick as investors increasingly seek diversified investment options that align with their financial goals. This trend is particularly evident in the context of broad-based index funds, where mutual funds offer a structured approach to investing in a wide array of assets. The appeal of mutual funds lies in their ability to pool resources from multiple investors, enabling access to a diversified portfolio that might otherwise be unattainable for individual investors. This collective investment model not only reduces risk but also provides investors with professional management and oversight. As the financial landscape evolves, mutual funds continue to play a crucial role in facilitating access to index funds, thereby driving sales and expanding their market presence.

Fund Type Analysis

Equity index funds represent a significant portion of the broad-based index fund market. These funds track a variety of stock indices, such as the S&P 500, NASDAQ, and MSCI World Index, providing investors with exposure to a wide array of equity markets. The appeal of equity index funds lies in their ability to offer broad market diversification at a low cost. Investors benefit from the lower fees associated with passive management and the reduced risk of individual stock selection. As a result, equity index funds have become a staple in both retail and institutional portfolios, driving robust demand and growth in this segment.

Bond index funds, though smaller in market share compared to their equity counterparts, are gaining traction as investors seek stable income and risk diversifi

Snapshot img

Mutual Funds Market Size 2025-2029

The mutual funds market size is forecast to increase by USD 85.5 trillion, at a CAGR of 9.9% between 2024 and 2029.

The market is characterized by the significant growth of mutual fund assets in developing nations, driven by increasing financial literacy and expanding middle classes. This trend is fueled by the desire for diversified investment opportunities and the convenience of mutual funds as an investment vehicle. Asset managers must mitigate these risks through effective risk management software and practices and transparent communication with investors. However, these regions also pose risks such as political instability, regulatory uncertainties, and currency fluctuations. Banks, FIIs, insurance companies, and other financial institutions offer mutual funds, providing access to a diverse range of securities. Companies seeking to capitalize on market opportunities must navigate these challenges effectively by implementing robust risk management strategies and maintaining transparency with investors.
Additionally, they can explore partnerships with local financial institutions and offer tailored investment solutions to cater to the unique needs of developing markets. By focusing on risk mitigation and local market expertise, mutual fund providers can effectively tap into the vast potential of emerging markets and drive sustainable growth.

What will be the Size of the Mutual Funds Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the ever-evolving mutual fund market, dynamics continue to unfold, shaping the landscape across various sectors. Index funds, with their passive investment strategy, have gained significant traction, challenging active management's traditional dominance. Performance measurement remains a critical focus, with benchmarks providing a yardstick for evaluation. Fund compliance adheres to regulations, ensuring transparency and fairness. Active management persists, with fund managers employing diverse investment strategies, from value investing to ESG and quantitative approaches. Fund holdings and returns are closely monitored, with tax implications and volatility influencing investor decisions. Fund advisory services offer guidance, while private equity and alternative investments broaden the investment universe.

Expense ratios and fund administration costs are under constant scrutiny, with risk management and fund distribution channels optimizing accessibility. The investment horizon, asset allocation, and fund ratings influence investor behavior. Fund sales, rebalancing, and redemption processes continue to evolve, ensuring flexibility for investors. Fund transparency and disclosure are paramount, with share classes catering to different investor needs. Hedge funds and mutual funds coexist, offering distinct investment opportunities. Fund prospectuses provide essential information, while marketing and comparison tools facilitate informed decisions. Investment objectives and reviews enable continuous improvement. The mutual fund market's continuous dynamism underscores the importance of adaptability and knowledge.

How is this Mutual Funds Industry segmented?

The mutual funds industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD trillion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Stock funds
  Bond funds
  Money market funds
  Hybrid funds


Distribution Channel

  Advice channel
  Retirement plan channel
  Institutional channel
  Direct channel
  Supermarket channel


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    Australia
    China
    India


  Rest of World (ROW)

By Type Insights

The stock funds segment is estimated to witness significant growth during the forecast period.

Mutual funds, specifically stock mutual funds, offer investors a diverse range of investment opportunities in corporate equities. These funds differ significantly, with various types catering to distinct investment objectives. For instance, growth funds focus on stocks with high growth potential, while income funds prioritize stocks yielding regular dividends. Index funds mirror a specific market index, such as the S&P 500, and sector funds invest in a particular industry sector. The mutual fund market is regulated, ensuring transparency and compliance with securities laws. Portfolio management plays a crucial role in selecting and managing the fund's holdings to achieve the investment strategy's objectives.

The fund's liquidity, represented by its ability to buy and sell shares, is essential for investors. Exchange-traded fu

Snapshot img

Fixed Income Assets Management Market Size 2025-2029

The fixed income assets management market size is forecast to increase by USD 9.16 tr at a CAGR of 6.3% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing investor interest in fixed income securities as a hedge against market volatility. A key trend in this market is the expansion of bond Exchange-Traded Funds (ETFs), which offer investors liquidity, diversification, and cost savings. However, this market is not without risks. Transactions in fixed income assets involve complexities such as credit risk, interest rate risk, and liquidity risk, which require sophisticated risk management strategies. As global investors seek to capitalize on market opportunities and navigate these challenges effectively, they must stay informed of regulatory changes, market trends, and technological advancements. Companies that can provide innovative solutions for managing fixed income risks and optimizing returns will be well-positioned to succeed in this dynamic market.

What will be the Size of the Fixed Income Assets Management Market during the forecast period?

Request Free SampleThe fixed income assets market in the United States continues to be an essential component of investment portfolios for various official institutions and individual investors. With an expansive market size and growth, fixed income securities encompass various debt instruments, including corporate bonds and government treasuries. Interest rate fluctuations significantly impact this market, influencing investment decisions and affecting the returns from interest payments on these securities. Fixed income Exchange-Traded Funds (ETFs) and index managers have gained popularity due to their cost-effective and diversified investment options. However, the credit market volatility and associated default risk pose challenges for investors. In pursuit of financial goals, investors often choose fixed income funds over equities for their stable dividend income and tax savings benefits. Market risk and investors' risk tolerance are crucial factors in managing fixed income assets. Economic uncertainty and interest rate fluctuations necessitate active management by asset managers, hedge funds, and mutual funds. The fund maturity and investors' financial goals influence the choice between various fixed income securities, such as treasuries and loans. Despite the challenges, the market's direction remains positive, driven by the continuous demand for income-generating investments.

How is this Fixed Income Assets Management Industry segmented?

The fixed income assets management industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD tr' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeCoreAlternativeEnd-userEnterprisesIndividualsGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaMiddle East and Africa

By Type Insights

The core segment is estimated to witness significant growth during the forecast period.The fixed income asset management market encompasses a diverse range of investment vehicles, including index investing, pension funds, official institutions, mutual funds, investment advisory services, and hedge funds. This asset class caters to income holders with varying risk tolerances, offering securities such as municipal bonds, government bonds, and high yield bonds through asset management firms. Institutional investors, insurance companies, and corporations also play significant roles in this sector. Fixed income securities, including Treasuries, municipal bonds, corporate bonds, and debt securities, provide regular interest payments and can offer tax savings, making them attractive for investors with financial goals. However, liquidity issues and credit market volatility can pose challenges. The Federal Reserve's interest rate decisions and economic uncertainty also impact the fixed income market. Asset management firms employ various strategies, such as the core fixed income (CFI) strategy, which invests in a mix of investment-grade fixed-income securities. CFI strategies aim to deliver consistent performance by carefully managing portfolios, considering issuer creditworthiness, maturity, and jurisdiction. Fixed income funds, including government bonds and corporate bonds, offer lower market risk compared to equities. Investors can choose from various investment vehicles, including mutual funds, ETFs, and index funds managed by active managers or index managers. Fixed income ETFs, in particular, provide investors with the benefits of ETFs, such as liquidity and transparency, while offering exposure to the fixed income market. Despite market risks and liquidity issues, the fixed income asset management market continues to be

The passive ETF market is experiencing robust growth, driven by increasing investor demand for low-cost, diversified investment options. The market, estimated at $5 trillion in 2025, is projected to achieve a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $15 trillion by 2033. This expansion is fueled by several key trends, including the rising popularity of index funds and exchange-traded funds (ETFs), advancements in technology making access more convenient, and the growing awareness among individual investors regarding the benefits of passive investment strategies compared to actively managed funds. Furthermore, regulatory changes promoting transparency and ease of access are supporting market growth. While competition among major players like BlackRock, Vanguard, and State Street is intense, the overall market is sufficiently large to accommodate multiple significant participants. This intense competition often results in lower expense ratios and increased innovation within the passive ETF market, benefiting investors. Major restraints on market growth include potential regulatory changes impacting ETF structures, market volatility influencing investor sentiment, and the persistent, albeit decreasing, appeal of actively managed funds among certain investor segments. Geographical expansion continues to play a role, with North America currently dominating the market share, but substantial growth potential exists in Asia and other emerging markets. The segmentation of passive ETFs by asset class (equities, bonds, commodities, etc.) and investment strategy (market-cap weighted, factor-based, etc.) continues to evolve, providing investors with increasingly nuanced options to align their investment portfolios with their specific risk tolerance and financial goals. The increasing dominance of passive investment strategies over active management is likely to persist, positioning the passive ETF market for continued, strong expansion in the coming years.

Active ETF Market Outlook

The global active ETF market size was valued at approximately USD 350 billion in 2023 and is expected to grow to around USD 1.1 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 13.5%. The impressive growth of this market can be attributed to several factors, including increasing investor demand for flexibility and the pursuit of alpha returns.

One of the primary growth drivers for the active ETF market is the rising awareness and acceptance among institutional and retail investors. Investors are increasingly recognizing the benefits of active management within the ETF wrapper, including the potential for outperformance relative to passive benchmarks. Additionally, the ability to trade ETFs throughout the day at market prices adds a layer of flexibility that appeals to a broad range of investors. This is particularly relevant in volatile markets, where investors can quickly adjust their positions.

Another significant factor contributing to the growth of the active ETF market is technological advancements. The advent of sophisticated trading algorithms and data analytics tools has made it easier for fund managers to implement active strategies effectively. These technologies enhance the ability to manage risks and capture market opportunities in real time, making active ETFs a more attractive option compared to traditional mutual funds. Moreover, the lower cost structure of ETFs compared to mutual funds has also been a compelling factor for investors seeking cost-efficient investment solutions.

Regulatory developments have also played a crucial role in the expansion of the active ETF market. In markets like the United States, regulatory changes have streamlined the approval processes for new ETF launches, making it easier for fund managers to bring innovative products to market. For instance, the SEC's ETF Rule 6c-11 has simplified the regulatory landscape, encouraging more firms to enter the space. This regulatory support has spurred innovation and increased the variety of active ETFs available to investors, further propelling market growth.

Regionally, North America, particularly the United States, dominates the active ETF market, accounting for the largest market share in 2023. The region's well-developed financial markets, robust regulatory framework, and high investor awareness contribute to its leading position. However, Europe and Asia Pacific are also witnessing significant growth, driven by rising investor interest and supportive regulatory environments. For instance, the introduction of the UCITS framework in Europe has facilitated the cross-border sale of ETFs, boosting market growth. Similarly, in Asia Pacific, markets like Japan and Australia are seeing increased adoption of active ETFs, supported by favorable regulatory changes and growing investor sophistication.

Type Analysis

The active ETF market is segmented into several types, including Equity ETFs, Fixed Income ETFs, Commodity ETFs, Multi-Asset ETFs, and Others. Equity ETFs hold the largest share in the active ETF market. These ETFs focus on actively managing a portfolio of stocks to outperform specific benchmarks. They are particularly popular among investors seeking to capitalize on market trends and generate higher returns compared to traditional index-tracking ETFs. The flexibility to adjust stock holdings in response to market conditions is a significant advantage that makes Equity ETFs attractive to investors.

Fixed Income ETFs represent another crucial segment within the active ETF market. These ETFs aim to provide investors with stable income and capital preservation by actively managing a portfolio of bonds and other fixed-income securities. Fund managers in this segment leverage their expertise to navigate interest rate fluctuations and credit risks, offering investors a more tailored approach compared to passive fixed-income ETFs. The demand for Fixed Income ETFs has been growing, especially among conservative investors and those nearing retirement, seeking steady income streams and lower volatility.

Commodity ETFs are designed to track the performance of physical commodities, such as gold, oil, and agricultural products. Active management in this segment involves strategic asset allocation and market timing to capitalize on commodity price movements. These ETFs are gaining traction as investors look for diversification opportunities and hedges against inflation. The performance of Commodity ETFs can be influenced by various factors, including geopolitical events, supply-demand dynamics, a

The total net assets of the different types of index mutual funds in the United States generally increased, albeit with some fluctuation, from 2000 to 2023. In 2023, the net assets of the S&P 500 index amounted to a value of approximately *** trillion U.S. dollars. In that same year, the net assets of other domestic equity and world equity amounted to approximately *** trillion and *** billion U.S. dollars, respectively. The total net assets of hybrid and bond index funds amounted to a value of approximately *********** U.S. dollars in 2023.

The North American mutual fund industry, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 5%, presents a robust investment landscape. Driven by increasing household savings, favorable regulatory environments, and the growing adoption of digital investment platforms, the market is poised for significant expansion throughout the forecast period (2025-2033). The industry is segmented by fund type (equity, bond, hybrid, money market) and investor type (households, institutional investors), with the United States dominating the market share within North America, followed by Canada and Mexico. Major players like Vanguard, Fidelity Investments, BlackRock, and others compete fiercely, offering diversified product portfolios to cater to various investor risk appetites and financial goals. The increasing demand for passive investment strategies, including index funds and ETFs, alongside the growing adoption of robo-advisors, are shaping the industry's future. While regulatory changes and market volatility pose potential restraints, the overall outlook remains positive, fueled by long-term growth prospects and a rising investor base seeking professional asset management solutions. The substantial market size, estimated at several trillion dollars in 2025, reflects the maturity and significance of this sector. Growth is expected to be particularly strong in the equity and hybrid fund categories, driven by investor confidence and a desire for higher returns. The institutional investor segment is likely to maintain a significant share of the market, with continued institutional allocations to mutual funds for diversification and long-term investment strategies. Geographical diversification within North America will continue, with potential for higher growth rates in Canada and Mexico compared to the already large US market. Competition among leading firms will remain intense, prompting innovation in product offerings, investment strategies, and customer service to maintain market share and attract new investors. The industry's ongoing adaptation to technological advancements and evolving investor preferences will be crucial for sustained success in the coming years. This report provides a detailed analysis of the North America mutual fund industry, covering the period from 2019 to 2033. It offers in-depth insights into market size, growth drivers, challenges, and future trends, incorporating data from the historical period (2019-2024), base year (2025), and forecast period (2025-2033). The report is crucial for investors, fund managers, and industry stakeholders seeking a comprehensive understanding of this dynamic market. Key search terms included: North America mutual funds, mutual fund industry trends, US mutual fund market, Canadian mutual funds, mutual fund investments, equity funds, bond funds, investment management, financial services. Recent developments include: In 2021, Fidelity Investements along with Visa backed Jumo, an emerging fintech startup which offers savings and credit products to entrepreneurs in emerging markets, as well as financial services infrastructure to partners such as eMoney operators, mobile fintech platforms and banks. it raised atotal of USD 120 million., In Dec 2021, T. Rowe Price Group, Inc. announced its acquisition of Oak Hill Advisors, L.P. (OHA), a leading alternative credit manager. The acquisition accelerates T. Rowe Price's expansion into alternative credit markets, complementing its existing global platform and ongoing strategic investments in its core investments and distribution capabilities.. Notable trends are: Market Securities Held By Mutual Funds in United States.

The largest crypto ETF worldwide, as of *************, was Amplify Transformational Data Sharing ETF (BLOK), with assets under management (AUM) of *** billion U.S. dollars. Only ***** of the total ** crypto ETFs had AUM exceeding *** billion U.S. dollars. In addition to Amplify Transformational Data Sharing ETF, there were also ProShares Bitcoin Strategy ETF (BITO) with AUM of *** billion U.S. dollars, and Bitwise ** Crypto Index Fund (BITW) with AUM of *** billion U.S. dollars.

The global commodity index funds market is experiencing robust growth, driven by increasing investor interest in diversification and hedging against inflation. The market, currently estimated at $500 billion in 2025, is projected to achieve a compound annual growth rate (CAGR) of 12% from 2025 to 2033, reaching approximately $1.6 trillion by 2033. Several factors contribute to this expansion. Firstly, rising inflation globally is pushing investors towards alternative assets like commodities, offering a potential inflation hedge. Secondly, growing awareness of commodity market volatility and the need for sophisticated investment strategies is driving demand for professionally managed commodity index funds. Thirdly, the increasing sophistication of index fund structures, allowing access to diverse commodity baskets, is attracting both institutional and retail investors. The segments within this market show varying growth trajectories. Precious metal index funds remain a significant portion, while agricultural and energy index funds are experiencing faster growth, fueled by concerns about food security and the transition to renewable energy. Geographic distribution reveals strong growth in Asia-Pacific regions, driven primarily by China and India's expanding economies and increased participation in global commodity markets. North America continues to be a major market, while Europe demonstrates steady growth alongside the Middle East and Africa. Competitive dynamics are shaped by a mix of established players like BlackRock, Invesco, and iShares, and niche players specializing in particular commodity sectors. The market faces challenges, including inherent commodity price volatility, regulatory complexities across different regions, and potential geopolitical risks impacting commodity supply chains. Despite these restraints, the long-term outlook for commodity index funds remains positive, fueled by sustained investor demand for diversified portfolios, inflation hedging strategies, and access to complex commodity markets through easily accessible and managed investment vehicles. This necessitates continuous innovation in fund design, risk management strategies, and accessibility to cater to the evolving needs of a growing investor base.

View LSEG's Lipper Fund Research Database, providing independent fund content to benchmark fund performance, manage risk, and more.

According to a 2020 survey, the share of actively managed exchange traded funds (ETFs) has declined from by around ** percentage points since 2017. The share of smart beta ETFs, on the other hand, increased by ***** percentage points in the same time frame. This trend is expected to continue over the next *** to three years.

Active ETFs are where an investment manager actively manages a portfolio of securities, while passive ETFs are structured so as to track a particular stock market index. (e.g. the S&P Index). Smart beta funds differ in that, while they track an index, they have an additional set of rules that guide which stocks from that index should be included in the portfolio at any given point in time.

Green Bond Index Fund Market Outlook

As per our latest research, the global Green Bond Index Fund market size reached USD 13.7 billion in 2024, reflecting robust momentum in sustainable finance. The market is expected to grow at a CAGR of 14.2% during the forecast period, with projections indicating a valuation of USD 39.4 billion by 2033. This impressive growth trajectory is driven by increasing investor demand for environmentally responsible investment vehicles and the global push towards decarbonization and sustainable development goals.

A primary growth factor for the Green Bond Index Fund market is the surging commitment of governments and corporations to climate action and environmental sustainability. As countries strive to meet the Paris Agreement targets, there has been a marked increase in green bond issuances, which are debt instruments dedicated to financing projects with positive environmental impacts. Institutional investors, such as pension funds and sovereign wealth funds, are increasingly allocating capital to green bond index funds to align their portfolios with ESG (Environmental, Social, and Governance) mandates. This trend is further supported by regulatory frameworks and reporting standards that encourage transparency and accountability in sustainable investing. The proliferation of green finance taxonomies and the mainstreaming of climate risk disclosures are also catalyzing inflows into green bond index funds, making them a preferred choice for investors seeking both financial returns and environmental impact.

Another significant driver is the innovation and diversification within the Green Bond Index Fund market. Asset managers are launching specialized funds, such as those tracking emerging market green bonds, thematic funds targeting specific sectors like renewable energy, and multi-asset green bond portfolios. The growing sophistication of green bond indices, which now offer granular exposure to various geographies and sectors, is attracting a broader spectrum of investors. Additionally, advancements in digital platforms and fintech solutions have democratized access to green bond index funds, allowing retail investors to participate alongside institutional players. The integration of artificial intelligence and data analytics in fund management is enhancing risk assessment and portfolio optimization, further boosting investor confidence in this market.

A third critical growth factor is the increasing recognition of the financial materiality of climate risks. Investors are becoming more aware that climate change poses systemic risks to the global economy and financial markets. As a result, there is a growing preference for investment vehicles that mitigate climate-related risks while supporting the transition to a low-carbon economy. Green bond index funds, by their nature, allocate capital to projects that promote renewable energy, energy efficiency, sustainable infrastructure, and climate resilience. This alignment with global sustainability objectives is not only meeting investor demand for responsible investing but also unlocking new sources of capital for green projects, thereby reinforcing the virtuous cycle of sustainable finance.

From a regional perspective, Europe continues to lead the Green Bond Index Fund market both in terms of assets under management and product innovation. The region benefits from a mature green finance ecosystem, supportive regulatory policies, and a high level of investor awareness. North America is experiencing accelerated growth, driven by increasing adoption of ESG investing and the expansion of green bond offerings by US and Canadian issuers. The Asia Pacific region, while still developing, is witnessing rapid growth fueled by government initiatives, cross-border collaborations, and rising interest from institutional investors. Latin America and the Middle East & Africa are emerging markets with significant potential, particularly as infrastructure and renewable energy investments gain traction. The global outlook for green bond index funds is thus characterized by robust growth, diversification, and increasing integration into mainstream investment strategies.

Fund Type Analysis

Within the Green Bond Index Fund market, fund type segmentation plays a pivotal role in shaping investor preferences and market dynamics. Exchange-Traded Funds (ETFs) have emerged as the dominant fund type, offering liquidity, transparency, and cost efficiency. E

Market Size & Growth: The global Broad-Based Index Fund market is estimated to reach a value of XXX million USD by 2033, exhibiting a robust CAGR of XX% during the forecast period (2025-2033). Strong demand for low-cost, diversified investment options, coupled with growing investor awareness and favorable regulatory initiatives in various regions, is driving market growth. Key Trends & Drivers: The rise of passive investing strategies, which leverage index funds to track market benchmarks, is a key industry trend. Enhanced index funds, which incorporate active management techniques into index-tracking strategies, are also gaining traction. Technological advancements in data analysis and portfolio optimization tools are further empowering the growth of Broad-Based Index Funds. Additionally, increasing institutional investor participation in pension funds, insurance funds, and endowment funds is bolstering demand for these low-risk, long-term investment vehicles.