Release: Worldwide Regulated Open-End Fund Assets and Flows, Second Quarter 2026
Worldwide Regulated Open-End Fund Assets and Flows
Second Quarter 2026
WASHINGTON, DC; September 22, 2026—Worldwide regulated open-end fund assets, excluding funds of funds, increased 9.0% to $95.20 trillion at the end of the second quarter of 2026. Worldwide net cash inflow to all funds was $1.0 trillion in the second quarter, compared with $934 billion of net inflows in the first quarter of 2026.
The Investment Company Institute compiles worldwide regulated open-end fund statistics on behalf of the International Investment Funds Association (IIFA), the organization of national fund associations. The collection for the second quarter of 2026 contains statistics from 44 jurisdictions.
Worldwide Assets of Regulated Open-End Funds
Trillions of US dollars, end of quarter
Note: Regulated open-end funds include mutual funds, exchange-traded funds, and institutional funds.
The growth rate of total regulated open-end fund assets, as reported in US dollars, decreased due to US dollar appreciation over the second quarter of 2026. For example, on a US dollar–denominated basis, fund assets in Europe increased by 7.3% in the second quarter, compared with an increase of 8.3% on a euro-denominated basis.
Net Assets of Worldwide Regulated Open-End Funds
Billions of US dollars
| 2025 | 2026 | |||||||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |||||||
| All funds* | 74,501 | 80,845 | 84,900 | 87,960 | 87,312 | 95,202 | ||||||
|
Long-term |
62,655 | 68,531 | 72,159 | 74,680 | 73,840 | 81,481 | ||||||
|
Equity |
35,087 | 38,946 | 41,388 | 42,559 | 41,469 | 47,533 | ||||||
|
Bond |
14,330 | 15,167 | 15,760 | 16,662 | 16,954 | 17,653 | ||||||
|
Balanced/Mixed |
7,451 | 8,056 | 8,394 | 8,513 | 8,460 | 9,090 | ||||||
|
Guaranteed |
42 | 46 | 47 | 48 | 47 | 50 | ||||||
|
Real Estate |
1,156 | 1,245 | 1,243 | 1,247 | 1,240 | 1,237 | ||||||
|
Other |
4,590 | 5,069 | 5,327 | 5,651 | 5,670 | 5,920 | ||||||
|
Money market |
11,846 | 12,315 | 12,741 | 13,280 | 13,472 | 13,720 | ||||||
| Memo items included above: | ||||||||||||
|
ETFs |
14,635 | 16,351 | 18,058 | 19,211 | 19,397 | 22,433 | ||||||
|
Institutional |
5,586 | 6,048 | 6,162 | 6,185 | 6,211 | 6,318 | ||||||
*Excludes Funds of Funds where possible
On a US dollar–denominated basis, equity fund assets increased by 14.6% to $47.53 trillion at the end of the second quarter of 2026. Bond fund assets increased by 4.1% to $17.65 trillion in the second quarter. Balanced/mixed fund assets increased by 7.4% to $9.09 trillion in the second quarter, while money market fund assets increased by 1.8% globally to $13.72 trillion.
Percentage of Worldwide Regulated Open-End Fund Assets
At the end of the second quarter of 2026, 50% of worldwide regulated open-end fund assets were held in equity funds. The asset share of bond funds was 19% and the asset share of balanced/mixed funds was 10%. Money market fund assets represented 14% of the worldwide total.
By region, 57% of worldwide assets were in the Americas in the second quarter of 2026, 31% were in Europe, and 12% were in Africa and the Asia-Pacific regions.
Net Assets of Worldwide Regulated Open-End Funds
Billions of US dollars
| 2025 | 2026 | |||||||||||
| Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | |||||||
| All funds* | 584 | 718 | 822 | 1,426 | 934 | 1,034 | ||||||
|
Long-term |
430 | 444 | 411 | 959 | 741 | 826 | ||||||
|
Equity |
144 | 83 | -141 | 378 | 196 | 139 | ||||||
|
Bond |
223 | 308 | 422 | 385 | 380 | 550 | ||||||
|
Balanced/Mixed |
-9 | -8 | 29 | 87 | 78 | 72 | ||||||
|
Guaranteed |
1 | 1 | 1 | 1 | 1 | 1 | ||||||
|
Real Estate |
* | -3 | 3 | * | 2 | 4 | ||||||
|
Other |
71 | 64 | 97 | 109 | 84 | 60 | ||||||
| Money market | 154 | 273 | 410 | 467 | 193 | 208 | ||||||
| Memo items included above: | ||||||||||||
|
ETFs |
465 | 406 | 568 | 814 | 578 | 654 | ||||||
|
Institutional |
-21 | 3 | 16 | 29 | 2 | -7 | ||||||
* Indicates an amount that is less than $0.5 billion.
Note: Forty-three jurisdictions reported data in Q1 2025 through Q2 2026. Assets of reporting jurisdictions represented 99.9 percent of assets of all jurisdictions at the end of 2026: Q2. Net sales are new sales plus reinvested dividends less redemptions plus net exchanges. Components may not add to the total because of rounding or unclassified funds. Funds of funds are excluded where possible.
Net sales of regulated open-end funds worldwide were $1.0 trillion in the second quarter of 2026. Flows into equity funds worldwide were $139 billion in the second quarter, after experiencing $196 billion of net inflows in the first quarter of 2026.
Globally, bond funds posted an inflow of $550 billion in the second quarter of 2026, after recording an inflow of $380 billion in the first quarter.
Inflows from balanced/mixed funds worldwide totaled $72 billion in the second quarter of 2026, compared with $78 billion of inflows in the first quarter of 2026.
Worldwide Net Sales of Regulated Open-End Funds by Region
Billions of US dollars
Worldwide Long-Term and Money Market Net Sales
Billions of US dollars
Money market funds worldwide experienced an inflow of $208 billion in the second quarter of 2026 after registering an inflow of $193 billion in the first quarter of 2026.