Worldwide Regulated Open-End Fund Assets and Flows
Third Quarter 2024
Washington, DC; December 17, 2024—Worldwide regulated open-end fund assets increased 6.8 percent to $74.95 trillion at the end of the third quarter of 2024, excluding funds of funds. Worldwide net cash inflow to all funds was $913 billion in the third quarter, compared with $819 billion of net inflows in the second quarter of 2024.
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 third quarter of 2024 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.
As reported in US dollars, the growth rate of total regulated open-end fund assets was higher due to US dollar depreciation in the third quarter of 2024. For example, on a US dollar–denominated basis, fund assets in Europe increased by 7.5 percent in the third quarter, compared with an increase of 2.8 percent on a euro-denominated basis.
Net Assets of Worldwide Regulated Open-End Funds
Billions of US dollars
|
|
2023 |
2024 |
|||||
|
|
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
|
All funds* |
63,105 |
65,071 |
63,385 |
68,854 |
69,188 |
70,205 |
74,953 |
|
Long-term |
53,647 |
55,353 |
53,442 |
58,413 |
58,782 |
59,563 |
63,738 |
|
Equity |
28,451 |
29,762 |
28,643 |
31,789 |
33,082 |
33,587 |
36,039 |
|
Bond |
11,991 |
12,209 |
11,971 |
12,893 |
12,999 |
13,260 |
14,140 |
|
Balanced/Mixed |
7,292 |
7,283 |
6,893 |
7,296 |
7,328 |
7,284 |
7,749 |
|
Guaranteed |
32 |
33 |
35 |
37 |
37 |
36 |
39 |
|
Real Estate |
1,371 |
1,385 |
1,342 |
1,395 |
1,135 |
1,126 |
1,186 |
|
Other |
4,510 |
4,682 |
4,558 |
5,003 |
4,202 |
4,269 |
4,585 |
|
Money market |
9,458 |
9,718 |
9,943 |
10,441 |
10,405 |
10,642 |
11,215 |
|
Memo items included above: |
|||||||
|
ETFs |
9,544 |
10,122 |
9,963 |
11,281 |
12,332 |
12,748 |
14,049 |
|
Institutional |
5,292 |
5,330 |
5,170 |
5,581 |
5,552 |
5,450 |
5,835 |
*Excludes Funds of Funds where possible
On a US dollar–denominated basis, equity fund assets increased by 7.3 percent to $36.04 trillion at the end of the third quarter of 2024. Bond fund assets increased by 6.6 percent to $14.14 trillion in the third quarter. Balanced/mixed fund assets increased by 6.4 percent to $7.75 trillion in the third quarter, while money market fund assets increased by 5.4 percent globally to $11.22 trillion.
Percentage of Worldwide Regulated Open-End Fund Assets
|
By type of fund, 2024:Q3 |
By region, 2024:Q3 |
At the end of the third quarter of 2024, 48 percent of worldwide regulated open-end fund assets were held in equity funds. The asset share of bond funds was 19 percent and the asset share of balanced/mixed funds was 10 percent. Money market fund assets represented 15 percent of the worldwide total.
By region, 57 percent of worldwide assets were in the Americas in the third quarter of 2024, 32 percent were in Europe, and 11 percent were in Africa and the Asia-Pacific regions.
Net Sales of Worldwide Regulated Open-End Funds
Billions of US dollars
|
|
2023 |
2024 |
|||||
|
|
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
|
All funds |
689 |
518 |
410 |
674 |
819 |
819 |
913 |
|
Long-term |
124 |
200 |
128 |
315 |
541 |
553 |
510 |
|
Equity |
9 |
-30 |
61 |
177 |
192 |
111 |
238 |
|
Bond |
145 |
226 |
108 |
147 |
369 |
424 |
244 |
|
Balanced/Mixed |
-58 |
-55 |
-68 |
-87 |
-62 |
-33 |
-43 |
|
Guaranteed |
1 |
1 |
-1 |
* |
-1 |
* |
1 |
|
Real Estate |
4 |
6 |
5 |
* |
1 |
3 |
2 |
|
Other |
22 |
51 |
23 |
78 |
42 |
48 |
67 |
|
Money market |
565 |
318 |
282 |
358 |
277 |
266 |
403 |
|
Memo Items Included Above: |
|||||||
|
ETFs |
147 |
225 |
220 |
377 |
392 |
315 |
506 |
|
Institutional |
-2 |
36 |
30 |
13 |
10 |
21 |
1 |
* Indicates an amount that is less than $0.500 million.
Note: 43 jurisdictions reported data in Q1 2023 through Q3 2024. Assets of reporting jurisdictions represented 96 percent of assets of all jurisdictions at the end of 2024: Q3. 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 $913 billion in the third quarter of 2024. Flows into equity funds worldwide were $238 billion in the third quarter, after experiencing $111 billion of net inflows in the second quarter of 2024.
Globally, bond funds posted an inflow of $244 billion in the third quarter of 2024, after recording an inflow of $424 billion in the second quarter.
Outflows from balanced/mixed funds worldwide totaled $43 billion in the third quarter of 2024, compared with $33 billion of outflows in the second quarter of 2024.
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 $403 billion in the third quarter of 2024 after registering an inflow of $266 billion in the second quarter of 2024.