Until the fourth quarter of 2023, the S&P 500 and the S&P 500 ESG index exhibited similar performance, both indexes were weighted to similar industries as the S&P 500 followed the leading 500 companies in the United States. Throughout 2024, the S&P 500 ESG index steadily outperformed the S&P 500 by ***** points on average. During the coronavirus pandemic, the technology sector was one of the best-performing sectors in the market. The major differences between the two indexes were the S&P 500 ESG index was skewed towards firms with higher environmental, social, and governance (ESG) scores and had a higher concentration of technology securities than the S&P 500 index. What is a market capitalization index? Both the S&P 500 and the S&P 500 ESG are market capitalization indexes, meaning the individual components (such as stocks and other securities) weighted to the indexes influence the overall value. Market trends such as inflation, interest rates, and international issues like the coronavirus pandemic and the popularity of ESG among professional investors affect the performance of stocks. When weighted components rise in value, this causes an increase in the overall value of the index they are weighted too. What trends are driving index performance? Recent economic and social trends have led to higher levels of ESG integration and maintenance among firms worldwide and higher prioritization from investors to include ESG-focused firms in their investment choices. From a global survey group over ********* of the respondents were willing to prioritize ESG benefits over a higher return on their investment. These trends influenced the performance of securities on the market, leading to an increased value of individual weighted stocks, resulting in an overall increase in the index value.

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.

Shanghai Stock Exchange: Index: Fund Index data was reported at 6,772.720 NA in Apr 2025. This records a decrease from the previous number of 6,942.700 NA for Mar 2025. Shanghai Stock Exchange: Index: Fund Index data is updated monthly, averaging 6,412.185 NA from Sep 2017 (Median) to Apr 2025, with 92 observations. The data reached an all-time high of 7,614.930 NA in Jun 2021 and a record low of 5,493.290 NA in Jan 2024. Shanghai Stock Exchange: Index: Fund Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s China – Table CN.EDI.SE: Shanghai Stock Exchange: Monthly.

In 2023, the return of the national NCREIF Property Index in the United States declined for the first time since 2009. The annualized total return of the index plummeted in 2023, followed by a slight increase in 2024. Just three years ago, in 2021, the rate of return of the index hit **** percent. The NCREIF Property Index reflects the change in prices of commercial real estate for investment purposes in the United States. Property types with the highest cap rates Cap rates, which measure the expected return rate of a real estate asset, were the highest for retail properties in 2023. While a higher cap rate indicates a higher rate of return, it is also associated with higher risk: The multifamily sector, which has enjoyed steady and robust growth in recent years, had the lowest cap rate of all commercial property types. Commercial property area with the best development prospects In 2025, the real estate development opportunities for single-family housing were deemed to be the best when compared with other types of commercial property. Industrial real estate includes warehouses, factories, and big box distribution centers.

The Dow Jones Industrial Average (DJIA) index dropped around ***** points in the four weeks from February 12 to March 11, 2020, but has since recovered and peaked at ********* points as of November 24, 2024. In February 2020 - just prior to the global coronavirus (COVID-19) pandemic, the DJIA index stood at a little over ****** points. U.S. markets suffer as virus spreads The COVID-19 pandemic triggered a turbulent period for stock markets – the S&P 500 and Nasdaq Composite also recorded dramatic drops. At the start of February, some analysts remained optimistic that the outbreak would ease. However, the increased spread of the virus started to hit investor confidence, prompting a record plunge in the stock markets. The Dow dropped by more than ***** points in the week from February 21 to February 28, which was a fall of **** percent – its worst percentage loss in a week since October 2008. Stock markets offer valuable economic insights The Dow Jones Industrial Average is a stock market index that monitors the share prices of the 30 largest companies in the United States. By studying the performance of the listed companies, analysts can gauge the strength of the domestic economy. If investors are confident in a company’s future, they will buy its stocks. The uncertainty of the coronavirus sparked fears of an economic crisis, and many traders decided that investment during the pandemic was too risky.

Interactive chart of the S&P 500 stock market index over the last 10 years. Values shown are daily closing prices. The most recent value is updated on an hourly basis during regular trading hours.

View data of the S&P 500, an index of the stocks of 500 leading companies in the US economy, which provides a gauge of the U.S. equity market.

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 funds

The annual returns of the Nasdaq 100 Index from 1986 to 2024. fluctuated significantly throughout the period considered. The Nasdaq 100 index saw its lowest performance in 2008, with a return rate of ****** percent, while the largest returns were registered in 1999, at ****** percent. As of June 11, 2024, the rate of return of Nasdaq 100 Index stood at ** percent. The Nasdaq 100 is a stock market index comprised of the 100 largest and most actively traded non-financial companies listed on the Nasdaq stock exchange. How has the Nasdaq 100 evolved over years? The Nasdaq 100, which was previously heavily influenced by tech companies during the dot-com boom, has undergone significant diversification. Today, it represents a broader range of high-growth, non-financial companies across sectors like consumer services and healthcare, reflecting the evolving landscape of the global economy. The annual development of the Nasdaq 100 recently has generally been positive, except for 2022, when the NASDAQ experienced a decline due to worries about escalating inflation, interest rates, and regulatory challenges. What are the leading companies on Nasdaq 100? In August 2023, ***** was the largest company on the Nasdaq 100, with a market capitalization of **** trillion euros. Also, ****************************************** were among the five leading companies included in the index. Market capitalization is one of the most common ways of measuring how big a company is in the financial markets. It is calculated by multiplying the total number of outstanding shares by the current market price.

This Stata dofile and the accompanying data files reproduce all figures and tables in "Do Index Funds Monitor?" by Heath, Macciocchi, Michaely, Ringgenberg (RFS 2021). The data used in the paper may not be shared publicly. To protect this private data, we have replaced firm identifiers from all data providers with anonymized firm ids, which are consistent throughout the data.

Prices for United States Stock Market Index (US500) including live quotes, historical charts and news. United States Stock Market Index (US500) was last updated by Trading Economics this June 9 of 2025.

The number of both actively-managed mutual funds and passively-managed index mutual funds in the United States remained relatively consistent between 2000 and 2023. In 2023, there were a total of ***** actively-managed mutual funds in the U.S. - a decrease of *** from the previous year. There were only *** passively-managed index mutual funds in the U.S. in 2023.

United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Real Estate Investment Trusts Index data was reported at 2,329.660 NA in Mar 2025. This records a decrease from the previous number of 2,389.080 NA for Feb 2025. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Real Estate Investment Trusts Index data is updated monthly, averaging 1,743.835 NA from Dec 2012 (Median) to Mar 2025, with 148 observations. The data reached an all-time high of 2,691.590 NA in Dec 2021 and a record low of 1,132.670 NA in Aug 2013. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Real Estate Investment Trusts Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: NASDAQ: Net Total Return: Monthly.

In 2018, investments in black assets were more popular among sovereign investors, as green assets at this time had a total investment value of under six billion U.S. dollars. From 2020 to 2021, the level of investment in black assets roughly halved, while the value of green asset investment almost tripled. This trend continued as the value of green asset investment is more than double the value of black asset investment in 2024. A surge in green investment has been evident, as the assets under management of sustainable funds worldwide more than doubled in just five years. How do green investments perform in comparison to peers? When comparing median returns of sustainable funds to non-ESG funds between 2019 and 2023, sustainable funds outperformed traditional funds. During this period, sustainable funds achieved a total median return of approximately 35 percent, compared to 25 percent for traditional funds. This strong performance highlights the growing appeal of sustainable investing as both a financially rewarding and responsible choice. What are ESG exchange-traded funds (ETFs)? ESG ETFs are investment funds that track indices composed of companies with strong environmental, social and governance attributes while maintaining risk and return profiles comparable to their parent index. As demand for responsible investing grows, ESG ETFs continue to gain popularity among investors seeking financial returns while making a positive societal impact. The largest ESG ETF by net assets worldwide is BlackRock’s iShares ESG Aware MSCI USA ETF, with 14.48 billion U.S. dollars in assets, followed by JPMorgan ETFs (Ireland) ICAV - US Research Enhanced Index Equity (ESG) UCITS ETF, with 11.86 billion U.S. dollars.

Interactive chart of the NASDAQ Composite stock market index since 1971. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.

The Investment Facilitation Index (IFI) provides information on the current adoption of investment facilitation measures at country level for 142 World Trade Organisation (WTO) Members. It was developed by the German Institute of Development and Sustainability (IDOS), previously known as the Deutsches Institut für Entwicklungspolitik / German Development Institute (DIE), in cooperation with the WTO. The IFI is a composite index measuring the adoption of investment facilitation measures in 2021 and applying a multiple binary scoring scheme. Departing from an earlier version of the index (Berger et al., 2021), it has been conceptually revised and extended regarding its country coverage. It now consists of 101 measures composing six regulatory dimensions and corresponds closely to the main policy areas and developments within current policy debates, including the newly negotiated Investment Facilitation for Development (IFD) Agreement among the WTO Members.

The data set provides the foundation for analysing specific facilitation hurdles in investment frameworks of a large number of economies. The fine grained data of the IFI can be used for investigating economic benefits and challenges of investment facilitation reforms, support the assessment of implementation gaps, as well as prioritisation of technical assistance and capacity development. It can also be used by investors seeking information on a country’s investment regime.

For a detailed description of the methodology and coding of the IFI, please have a look at the uploaded data documentation, contained in the file ifi_documentation.pdf. It provides information on the conceptual composition of the index, its evolution from the first version, as well as the coding, data generation and validation processes. In the annex, it also features a detailed overview of each measure contained in the index.

The file ifi_codebook.csv contains the codebook for the 101 investment facilitation measures included in the IFI. The file features six variables (columns):

• Measure: The code of a measure under observation;
• Area: Specification of the policy area a given measure belongs to;
• Measure_Description: A short description of what investment facilitation feature is evaluated by a given measure;
• Weight: Specification of the individual weight of a measure, the product of the allocated score (0, 1 or 2) and this weight denotes the contribution to the total score of a given measure;
• Unit: The measurement unit for the answer of a given measure, it can take values "Score", meaning that the answer is directly measured by score from the multiple binary scoring scheme, or specify another measurement unit, e.g. number of documents, days, US Dollars, etc.;
• Coding_0: Specifies the answer coding which allocates a score of 0 to this measure;
• Coding_1: Specifies the answer coding which allocates a score of 1 to this measure;
• Coding_2: Specifies the answer coding which allocates a score of 2 to this measure.

The file ifi_table.csv or ifi_table.xlsx (please choose your preferred file format) contains all 14484 data points resulting from the 101 measures coded for 142 economies. Moreover, it also contains the total score for each country calculated by applying the expert weighting scheme. The file contains the following variables (columns):

• CountryCode: ISO-alpha3 code of a country for which a given measure is coded;
• Country: Name of a country for which a given measure is coded;
• Measure: Code of a measure that is coded in a given row;
• Area: Specification of the policy area a given measure belongs to;
• Measure_Description: A short description of what investment facilitation feature is evaluated by a given measure;
• Answer: The answer coded for a given measure and country;
• Score: The allocated score based on the answer, according to the definition of the measure (see codebook);
• Unit: The measurement unit for the answer of a given measure;
• Coding: The answer option coded for a given measure and country (corresponds to either Coding_0, Coding_1 or Coding_2 in the codebook);
• Source: Source statement for the provided answer.

For further inquiries please contact the authors.

United States NASDAQ: Index: Total Return: NASDAQ US Benchmark Real Estate Investment and Services Index data was reported at 1,536.230 NA in Mar 2025. This records a decrease from the previous number of 1,614.250 NA for Feb 2025. United States NASDAQ: Index: Total Return: NASDAQ US Benchmark Real Estate Investment and Services Index data is updated monthly, averaging 1,175.090 NA from Jan 2012 (Median) to Mar 2025, with 159 observations. The data reached an all-time high of 1,905.400 NA in Oct 2021 and a record low of 694.860 NA in Jul 2012. United States NASDAQ: Index: Total Return: NASDAQ US Benchmark Real Estate Investment and Services Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: NASDAQ: Total Return: Monthly.

United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Mortgage Real Estate Investment Trusts Index data was reported at 1,092.410 NA in Apr 2025. This records a decrease from the previous number of 1,147.590 NA for Mar 2025. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Mortgage Real Estate Investment Trusts Index data is updated monthly, averaging 1,123.487 NA from Sep 2020 (Median) to Apr 2025, with 56 observations. The data reached an all-time high of 1,428.420 NA in Oct 2021 and a record low of 873.320 NA in Sep 2022. United States NASDAQ: Index: Net Total Return: NASDAQ US Benchmark Mortgage Real Estate Investment Trusts Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s United States – Table US.EDI.SE: NASDAQ: Net Total Return: Monthly.

Interactive daily chart of Japan's Nikkei 225 stock market index back to 1949. Each data point represents the closing value for that trading day and is denominated in japanese yen (JPY). The current price is updated on an hourly basis with today's latest value.

Nepal Stock Exchange: Index: Investment Index data was reported at 114.390 NA in Apr 2025. This records an increase from the previous number of 109.270 NA for Mar 2025. Nepal Stock Exchange: Index: Investment Index data is updated monthly, averaging 77.730 NA from Feb 2021 (Median) to Apr 2025, with 51 observations. The data reached an all-time high of 114.590 NA in Feb 2025 and a record low of 55.730 NA in Oct 2022. Nepal Stock Exchange: Index: Investment Index data remains active status in CEIC and is reported by Exchange Data International Limited. The data is categorized under Global Database’s Nepal – Table NP.EDI.SE: Nepal Stock Exchange: Monthly.