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Fund Management Activities in Ireland - Market Research Report (2014-2029)

Joseph Maher Joseph Maher London, United Kingdom Last Updated: February 2024 SIC K66.300IE

Revenue

€13.5bn

2024

€13.5bn

Past 5-Year Growth

Profit

€X.Xbn

Employees

20,322

Businesses

732

Wages

€X.Xbn

Fund Management Activities in Ireland industry analysis

The Fund Management Activities industry serves major clients, including pension funds, insurance and reinsurance firms, retail clients and other institutional clients. Despite an impressive stock market performance in 2021, with investor hopes of the economy returning to normality after the COVID-19 outbreak, economic headwinds like rising inflation meant the market rally was short-lived and fund managers struggled to generate healthy returns. Despite rock-bottom confidence persisting into 2023, investment markets defied expectations. Investors pricing in rate cuts in the last couple of 2023 triggered a rally in stock markets, while stocks in the US were also driven by the “Magnificent 7” tech stocks, which recorded eyewatering growth through the year. Bond markets also welcomed the end of interest rate hikes, resulting in many investors rushing to lock in higher yields, supporting capital inflows.

Trends and Insights

  • The COVID-19 outbreak prompted an unexpected net sales outflow. At the beginning of 2020 funds were withdrawn as investors faced increased requirements to hold cash to cover COVID-19-related expenses rather than outflows to fund more lucrative domiciles.
  • The equity funds segment benefitted from historically low interest rates. Following a dramatic decline in equity markets in the aftermath of the financial crisis, low interest rates drove returns for investors.
  • Dublin accounts for the overwhelming share of fund management firms. The capital is the financial hub of Ireland, with the Central Bank located there, allowing for closer working relationships with regulatory authorities to ensure regulations are being applied properly.
  • Competition is largely centred around fees. The fees charged by investment managers for the allocation of assets in funds are weighed with regard to the rate of return they generate. Investors accept higher fees from managers that produce higher returns.

Access hundreds of analysis and data

  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 7.0 % over the past five years, to reach an estimated €13.5bn in 2024.

Trends and Insights

Turbulent financial conditions triggered by COVID-19 incited revenue volatility

  • The COVID-19 outbreak prompted an unexpected net sales outflow in the beginning of 2020, with funds being withdrawn as investors faced increased requirements to hold cash to cover COVID-19-related expenses rather than outflows to fund more lucrative domiciles.
  • Additional trends and insights available with purchase
Fund Management Activities in Ireland
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Uncertain economic conditions are set to lift demand for actively managed ETFs

  • So far, the overwhelming bulk of ETFs are passive - in that the underlying financial assets are not managed actively by a fund manager.

Biggest companies in the Fund Management Activities in Ireland

Company
Market Share (%)
2024
Revenue (€m)
2024
Blackrock Inc
2,422.6
PIMCO Global Advisors (Ireland) Ltd
1,881.6
The Bank of New York Mellon Corporation
678.7

To view the market share and analysis for all 4 top companies in this industry, view purchase options.

Products & Services Segmentation

Fund Management Activities in Ireland
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Equity funds, Bond funds and Alternative funds. Equity funds is the largest segment of the Fund Management Activities in Ireland.

Trends and Insights

Investors price in rate cuts, triggering a rally in equity markets

  • Equity funds are generally comprised of shares in publicly traded companies that are listed on exchanges.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

This industry includes portfolio and fund management activities provided on a fee or contract basis for individuals and businesses. It covers firms operating and managing assets domiciled in Ireland for both domestic and overseas clients.

What's included in this industry?

Equity fundsAlternative fundsBond fundsMoney fundsBalanced funds

Companies

Blackrock IncPIMCO Global Advisors (Ireland) LtdThe Bank of New York Mellon Corporation

Purchase this report to view all 4 major companies in this industry.

Related Terms

ASSETS UNDER MANAGEMENT (AUM) LIQUIDITY PROSPECTUS FINANCIAL TECHNOLOGY (FINTEC)ETFSQUANTITATIVE TIGHTENING

Industry Code

SIC 2007

SIC 66.30 - Fund Management Activities in Ireland

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

The COVID-19 outbreak prompted an unexpected net sales outflow. At the beginning of 2020 funds were withdrawn as investors faced increased requirements to hold cash to cover ...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The equity funds segment benefitted from historically low interest rates. Following a dramatic decline in equity markets in the aftermath of the financial crisis, low interes...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Dublin accounts for the overwhelming share of fund management firms. The capital is the financial hub of Ireland, with the Central Bank located there, allowing for closer wor...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition is largely centred around fees. The fees charged by investment managers for the allocation of assets in funds are weighed with regard to the rate of return they g...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Blackrock has had to contend with the MFID II. Introduced by the EU, the regulation has meant Blackrock has been subject to greater costs related to the level of transparency...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Blackrock Inc's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of PIMCO Global Advisors (Ireland) Ltd's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of The Bank of New York Mellon Corporation's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for one additional company

Detailed analysis

  • Description and key data for Blackrock Inc, and factors influencing its performance in the industry
  • Description and key data for PIMCO Global Advisors (Ireland) Ltd, and factors influencing its performance in the industry
  • Description and key data for The Bank of New York Mellon Corporation, and factors influencing its performance in the industry
  • Description, key data and performance trends for one additional company

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

Demand from pension funding is rising. Demand from pension funding is as a proxy for pension investment in funds. When demand picks up, so do the assets under management of t...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The MFID II has eroded profit. The directive’s inception in January 2018 forced greater transparency from fund managers and increased research costs, which are set to reach t...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Fund Management Activities industry in Ireland in 2024?

The market size of the Fund Management Activities industry in Ireland is €13.5bn in 2024.

How many businesses are there in the Fund Management Activities in Ireland industry in 2024?

There are 732 businesses in the Fund Management Activities industry in Ireland, which has grown at a CAGR of 3.9 % between 2019 and 2024.

Has the Fund Management Activities industry in Ireland grown or declined over the past 5 years?

The market size of the Fund Management Activities industry in Ireland has been growing at a CAGR of 7.0 % between 2019 and 2024.

What is the forecast growth of the Fund Management Activities industry in Ireland over the next 5 years?

Over the next five years, the Fund Management Activities industry in Ireland is expected to grow.

What are the biggest companies in the Fund Management Activities market in Ireland?

The biggest companies operating in the Fund Management Activities market in Ireland are Blackrock Inc, PIMCO Global Advisors (Ireland) Ltd and The Bank of New York Mellon Corporation

What does the Fund Management Activities in Ireland include?

Equity funds and Alternative funds are part of the Fund Management Activities industry.

Which companies have the highest market share in the Fund Management Activities in Ireland?

The company holding the most market share in Ireland is Blackrock Inc.

How competitive is the Fund Management Activities industry in Ireland?

The level of competition is high and increasing in the Fund Management Activities industry in Ireland.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • There are no industries to display.

Complementors

  • Insurance in Ireland
  • Reinsurance in Ireland
  • Pension Funding in Ireland

International industries

  • Portfolio Management in the US
  • Funds Management Services in Australia
  • Funds Management and Other Investment Services in New Zealand
  • Fund Management Activities in the UK
  • Securities Investment in China

View all industries in Ireland

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Ireland include:

  • Central Statistics Office
  • Department of Enterprise, Trade and Employment
  • Irish Tax & Customs

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.