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Mutual Fund Assets Market to be Worth $936.10 Billion by 2030: Grand View Research, Inc.

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SAN FRANCISCO, Aug. 29, 2023 /PRNewswire/ — The global mutual fund assets market size is expected to reach USD 936.10 billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Advancements in technology and the availability of online investment platforms have contributed to the growth of the market. Online platforms make it easier for investors to research, compare, and invest in mutual funds. The convenience of online investing, coupled with features like automated portfolio management and goal-based investing, has attracted a broader investor base and expanded the reach of mutual funds. The growth of retirement savings and pension plans is also driving the market growth.

Key Industry Insights & Findings from the report:

  • The equity strategy segment dominated the market in 2022. Equity investments have the potential to generate long-term capital appreciation, appealing to investors seeking growth opportunities. By investing in company stocks, equity mutual funds provide investors with exposure to the performance and profitability of those companies, allowing them to benefit from potential market gains
  • The open-ended segment dominated the market in 2022. Open-ended funds can offer a broader range of investment options, including equity, fixed-income, balanced, and specialty funds. This diversity allows investors to create a well-rounded portfolio tailored to their risk tolerance and investment preferences
  • The financial advisor segment is expected to witness significant growth from 2023 to 2030. Financial advisors guide fund selection, portfolio diversification, and ongoing portfolio management, ensuring investors make informed decisions. As a result, the financial advisor segment is growing steadily as investors recognize the value and benefits of professional financial advice in marke
  • The active segment dominated the market in 2022. Active management provides a level of accountability and responsibility as fund managers actively monitor and make investment decisions on their investors’ behalf. This can instill confidence in investors and create a sense of trust in the fund management team
  • The institutional segment is emerging at a significant rate. Institutional investors increasingly recognize the benefits of outsourcing investment management to professional fund managers
  • North America dominated the market in 2022. North America has a robust regulatory framework and investor protection measures that instill confidence and trust in the mutual fund industry. This regulatory environment ensures transparency, accountability, and fair treatment of investors, further driving the dominance of mutual funds in the market

Read 130-page market research report, “Mutual Fund Assets Market Size, Share & Trends Analysis Report By Investment Strategy, By Type, By Distribution Channel, By Investment Style, By Investor Type, By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Mutual Fund Assets Market Growth & Trends

As individuals and organizations prioritize long-term financial planning and retirement savings, they turn to mutual funds as an effective tool for wealth accumulation. Many retirement plans, such as 401(k) plans in the U.S., offer mutual funds as investment options, making them easily accessible to retirement savers. Regulatory frameworks and investor protection measures enhance investor confidence in mutual funds and promote market growth. Regulators set guidelines and requirements for mutual funds, ensuring transparency, accountability, and fair treatment of investors. This regulatory oversight helps build trust and encourages more individuals and institutions to invest in mutual funds.

The economic stimulus measures implemented by governments worldwide to mitigate the impact of the COVID-19 pandemic have also positively influenced the global market. These measures, such as reduced interest rates and fiscal stimulus packages, have created a conducive environment for investment, leading to increased inflows into mutual funds. Furthermore, the recovery of financial markets following the initial volatility caused by the pandemic has boosted investor confidence and encouraged them to allocate their funds to mutual funds for potential returns.

Mutual Fund Assets Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 586.47 billion

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Revenue forecast in 2030

USD 936.10 billion

Growth rate

CAGR of 6.9% from 2023 to 2030

Base year of estimation

2022

Historical data

2017 – 2021

Forecast period

2023 – 2030

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Mutual Fund Assets Market Segmentation 

Grand View Research has segmented the global mutual fund assets market on the basis of investment strategy, type, distribution channel, investment style, investor type, and region

 Mutual Fund Assets Market – Investment Strategy Outlook (Revenue, USD Billion, 2017 – 2030)

  • Equity Strategy
  • Fixed Income Strategy
  • Multi-asset/Balanced Strategy
  • Sustainable Strategy
  • Money Market Strategy
  • Others

Mutual Fund Assets Market – Type Outlook (Revenue, USD Billion, 2017 – 2030)

  • Open-ended
  • Close-ended

Mutual Fund Assets Market – Distribution Channel Outlook (Revenue, USD Billion, 2017 – 2030)

  • Direct Sales
  • Financial Advisor
  • Broker-dealer
  • Banks
  • Others

Mutual Fund Assets Market – Investment Style Outlook (Revenue, USD Billion, 2017 – 2030)

  • Active
  • Passive

Mutual Fund Assets Market – Investor Type Outlook (Revenue, USD Billion, 2017 – 2030)

  • Retail
  • Institutional

Mutual Fund Assets Market – Regional Outlook (Revenue, USD Billion, 2017 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Luxembourg
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Kingdom of Saudi Arabia (KSA)
    • UAE
    • South Africa

List of Key Players of Mutual Fund Assets Market

  • BlackRock, Inc.
  • The Vanguard Group, Inc.
  • Charles Schwab & Co., Inc.
  • JPMorgan Chase & Co.
  • FMR LLC
  • State Street Corporation
  • Morgan Stanley
  • BNY Mellon Securities Corporation
  • Amundi US
  • Goldman Sachs
  • Franklin Templeton

Check out more related studies published by Grand View Research:

  • Asset Management Market The global asset management market size is expected to reach USD 3,677.39 billion by 2030, registering a CAGR of 34.7% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The three key trends that will drive the industry growth are the increasing number of High-Net-Worth Individuals (HNWIs), the government-incentivized shift to individual retirement plans, and the expansion of Sovereign Wealth Funds (SWFs). With increasing assets and associated costs, market vendors must maintain or increase their technology and data management investment to maximize distribution opportunities and comply with regulations and reporting. Other factors driving the industry include the need to reduce equipment downtime and ensure optimum utilization of the available resources.
  • Finance Lease Market – The global finance lease market size is expected to reach USD 324.40 billion by 2030, growing at a CAGR of 5.1% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The market is anticipated to be driven by several advantages offered by finance leasing over traditional borrowing methods, including higher margins, tax advantages, and inflation-friendly and secure investments. Furthermore, the massive demand for new commercial models and branded equipment across the globe has become one of the significant factors driving the growth.
  • Fintech-as-a-Service Market – The global fintech-as-a-service market size is expected to reach USD 949.49 billion by 2030, growing at a CAGR of 17.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of financial technology-based solutions and platforms globally is anticipated to drive the growth of the market. The increasing adoption of artificial intelligence, cloud-based software, and big data integrated with financial services is expected to drive the growth of the market for fintech-as-a-service.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
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Savl Rebrands to Unity Wallet and Launches Loyalty Program, Boosting User Experience and Value

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Known for its exclusive tools and unique features, Unity Wallet delivers the most comprehensive self-custodial crypto wallet and Web3 experience, for seamless and secure DeFi management. 

LONDON, Sept. 19, 2024 /PRNewswire/ — Savl, the self-custodial crypto and Web3 wallet that combines industry-leading encryption, unique functionality, and intuitive design has rebranded to Unity Wallet, signifying a new era for the project.

With a mission to unlock DeFi’s potential for everyone, Unity Wallet promotes broader self-custody adoption through an intuitive, user-friendly design paired with industry-leading encryption and security.

Launched in 2020, Unity Wallet operates in over 100 countries and has generated more than 1 million wallets. Its innovative features set it apart, including a built-in social community, sub-accounts, staking, WalletConnect, encrypted messenger, and the unique Know Your Transaction (KYT) function, which allows users to assess risks on wallet addresses, protecting against fraudulent activities and ensuring a safer self-custodial crypto and Web3 wallet experience.

Further expanding its offerings, Unity Wallet now actively rewards its users through its recently launched loyalty program. Rewardable actions include buying, selling, swapping, sending, staking and socially engaging with other users. Points can then be used to progress through program tiers, reduce transaction fees, enjoy up to 50% cashback on cross-chain and DEX swaps, and be redeemed for additional sub-accounts, KYT checks, unique perks, and 24/7 dedicated support.

James Toledano, Chief Operating Officer of Unity Wallet, said, “Since its inception, our mission has been to simplify access to crypto. As the crypto landscape has evolved, so has Unity, leading to this rebrand and marking a pivotal point in our journey. Our new name reflects our commitment to providing a unified, accessible, and empowering user experience for all. The loyalty program is a key step towards this vision, designed not only to reward our community but also to drive the broader adoption of decentralized finance and enhance user experience and value.”

Unity Wallet can be downloaded via the Apple App and Google Play stores. For more information on the loyalty program visit https://www.unitywallet.com/loyalty-program.

About Unity Wallet

Unity Wallet is a self-custodial crypto and Web3 wallet that combines industry-leading encryption, unique functionality, and intuitive design. Launched in 2020 as a solution to the fragmented nature of existing wallets, Unity Wallet is a sleek alternative to complicated experiences. It operates across 100+ countries, with an impressive track record of 1,000,000 wallets generated. Its innovative features set it apart, including a built-in social community, encrypted messenger, and its unique Know Your Transaction (KYT) function, enabling users to conduct risk assessments on wallet addresses to safeguard against illicit activities. Unity Wallet safeguards user assets with a robust set of security measures, including a 24-word recovery phrase, anti-theft pin codes, and optional FaceID authentication, all powered by cutting-edge cryptographic algorithms and protocols. With its comprehensive suite of services, users can effortlessly engage in buying, selling, and storing over 250 cryptocurrencies, as well as cross-chain and DEX swapping across 100s of trading pairs, along with the ability to stake assets and create multiple sub-accounts for optimized asset management. Unity Wallet also facilitates the purchase of everyday products and services in over 190 countries using cryptocurrency, while its advanced WalletConnect integration grants access to the Web3 world and thousands of decentralized apps (DApps).

 

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Experian Research: GenAI and data-driven decisioning are key competitive advantages for global business leaders

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LONDON, Sept. 19, 2024 /PRNewswire/ — Experian’s latest research, conducted by Forrester Consulting, delves into the strategies of senior decision-makers in the financial services and telco sectors across EMEA and APAC. The survey of over 1200 C-suite and Director level leaders in Australia, Denmark, Germany, India, Italy, New Zealand, Norway, South Africa, Spain, and the Netherlands reveals how businesses are leveraging Generative AI (Gen AI), consolidating datasets to improve decisioning models, and prioritizing customer experience to navigate challenging economic conditions and technological disruption.

The race to harness GenAI is well underway

Business leaders identified technological disruption as the third largest external factor impacting their business in the coming two years, putting emphasis on the race toward AI supremacy to improve business efficiencies and reduce costs. Sixty-eight percent of participants believe that competitive advantage in their industry will be dependent on who can make the best use of AI, and nearly three-quarters (73%) of the technology leaders are exploring GenAI use cases with a view to implement them within the next year.

Technological disruption is a catalyst for improving customer experience

Survey respondents highlighted a centralised cloud-based platform as a notable factor to improve risk strategy. Nearly half (47%) foresee additional credit stress and tightened lending criteria. Many risk leaders (42%) also indicated that the top risk priority is to improve the ability to identify financially vulnerable customers. Integrating data sources, leveraging AI and streamlining data-to-insight-to-action processes to enable lenders to achieve a holistic borrower view, improve customer relations and foster lending practices.

Combining datasets into a single cloud-based platform is key to enhancing analytical capability

Data and analytics leaders are prioritising a unified platform for siloed datasets to accelerate AI/ML model development and deployment. More than half (55%) of respondents believe current development times are too long, with 48% stating that they are updating their models more frequently due to shifting consumer behaviour.

“This year’s research highlights the growing importance of AI and data analytics for businesses seeking a competitive edge,” says Malin Holmberg, CEO, EMEA & APAC, Experian. “While we are still facing broader macroeconomic challenges, the majority of leaders remain optimistic about future growth and increased technology investment.”

Download the full report here.

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About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. Learn more at experianplc.com.

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Contact: Yolanda Zondo, [email protected] 

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Itaú Private Partners with Addepar to Deliver a Comprehensive Global Investment Solution

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Exclusive collaboration enhances wealth management services with cutting-edge data aggregation and performance reporting tools

NEW YORK, Sept. 19, 2024 /PRNewswire/ — Itaú Private, a leading provider of private banking services, has announced an exclusive partnership with Addepar, a global leader in technology and data solutions for investment professionals. This strategic collaboration grants Itaú Private exclusive access to Addepar’s comprehensive data aggregation and performance reporting platform in Brazil, enhancing the bank’s ability to deliver superior service and investment solutions to its advisors and clients.

Through this partnership, Itaú Private clients will gain access to powerful tools and detailed reports that provide insights into their global wealth—both onshore and offshore—including returns, transactions, historical data, and balances. These capabilities will enable a fully automated and personalized evaluation of each client’s unique financial interests and needs.

“The partnership with Addepar brings a new level of sophistication to the services we offer, allowing us to better align our solutions with each client’s distinct goals,” said Fernando Beyruti, Global Head of Itaú Private Bank. “This initiative also enables us to introduce an advisory model that evaluates clients’ total assets, deepening our relationships and reinforcing our commitment to client-centric services.”

Addepar serves a global client base, providing advanced financial technology solutions to investment professionals across more than 45 countries. The platform currently supports over $6 trillion in assets under management, offering robust data aggregation and performance reporting tools that empower clients to make better decisions and deliver more informed advice.

“We are excited to collaborate with a market leader like Itaú Private, enabling us to bring our advanced financial technology solutions to one of the most dynamic and innovative private banks in the world,” said Peter O’Brien, Global Head of Sales and Partnerships at Addepar. “Together, we are committed to empowering Itaú Private’s advisors with state-of-the-art tools that drive efficiency and deliver exceptional value to clients.”

About Addepar

Addepar is a global technology and data company that empowers investment professionals to deliver precise and informed guidance to their clients. Trusted by hundreds of thousands of users worldwide, Addepar’s platform aggregates portfolio, market, and client data for over $6 trillion in assets. The platform integrates with more than 100 software, data, and service partners, providing a comprehensive solution for a diverse range of firms and use cases. Addepar has a global presence, with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Dublin, Edinburgh, and Pune.

About Itaú Private

Itaú Private is a market leader with approximately R$ 880 billion in allocated capital—R$660 billion onshore and R$162 billion offshore (as of March 2024)—and holds around 30% market share in its segment in Brazil, according to data from Anbima. With a team of around 800 employees, including 350 professionals across its international offices in the United States, Portugal, Switzerland, and the Bahamas. Miami is Itaú Private’s international hub that provides clients with wealth management and banking products and services, including portfolio management and personalized advice by experienced investment professionals. In Switzerland, the conglomerate has a bank, and in the Bahamas, a trust management company, which helps to serve clients who have to set up investment structures abroad.

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