Industry Description
Establishments primarily engaged in issuing shares, other than unit investment trusts and face-amount certificate companies, whose shares contain a provision requiring redemption by the company upon request of the security holder.
Business Examples
Common types of business activities within US SIC 6722 - Management Investment Offices, Open-End are:
- Management investment funds, open-end
- Money market mutual funds
- Mutual fund sales on own account
IBISWorld Industry Research Report
Open-End Investment Funds in the US (52591)
Revenue 2025
$196.1bn
Growth 2025
4.18%
Key Trends
The greatest shift for the industry has been an evolving investor preference for exchange-traded funds
Investors choose open-end investment funds for their exposure to various assets
Investors will favor the lower costs and liquidity associated with ETFs
Products and Services
US-SIC Hierarchy 6722 - Management Investment Offices, Open-End
US-SIC Code 6722 - Management Investment Offices, Open-End sits in the 2-digit Management Investment Offices, Open-End sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6722 - Management Investment Offices, Open-End
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6722 - Management Investment Offices, Open-End. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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672201 Money market funds
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672298 Management investment open-end
8 Digit SIC Codes
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67220000 Management investment, open-end
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67229900 Management investment, open-end, nec
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67229901 Money market mutual funds
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67229902 Mutual fund sales, on own account
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67229903 Managed investments including trusts,pension & mutual funds,nec
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