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Open-End Investment Funds in the US Industry Data and Analysis
Revenue for the Open-End Investment Funds industry has been increasing over the past five years. Open-end investment funds revenue has been growing slightly but remaining relatively steady at a CAGR of 0.0% to $196.1 billion over the past five years, including an expected increase of 4.2% in the current year. In addition, industry profit has climbed and comprises 33.1% of revenue in the current year. Overall, revenue has been increasing alongside overall asset growth, despite operators being forced to lower fees to meet shifting consumer preferences. The industry has encountered volatility due to the high-interest rate environment for most of the period. Higher interest rates reduce liquidity and make fixed income securities more attractive to investors due to less risk and more predictable interest payments. The industry has also encountered increased growth for ETFs and retail investors.
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What's included in this industry analysis
IBISWorld's research coverage on the Open-End Investment Funds industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Open-End Investment Funds industry in the United States operates under the NAICS industry code 52591. This industry comprises legal entities (funds) that earn fees by pooling and investing money, giving the investors rights to a proportional share of the fund performance. Ownership shares of these funds are sold to the public in initial public offerings, with additional shares offered continuously. Investors redeem the shares at prices that the fund’s net asset value or market value determines. This report focuses on mutual funds and exchange-traded funds. Related terms covered in the Open-End Investment Funds industry in the United States include target date fund, exchange-traded funds, liquidity and individual retirement account.
What's included in this industry?
Products and services covered in Open-End Investment Funds industry in the United States include Money market funds, Equity funds and Hybrid funds.
What companies are included in this industry?
Companies covered in the Open-End Investment Funds industry in the United States include Fidelity Investments Inc., Vanguard Group Inc. and Capital Group Companies Inc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Open-End Investment Funds industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Open-End Investment Funds industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Open-End Investment Funds industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Open-End Investment Funds industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Open-End Investment Funds industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Open-End Investment Funds industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Open-End Investment Funds industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Open-End Investment Funds industry in the United States.
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Frequently Asked Questions
What is the market size of the Open-End Investment Funds industry in the United States in 2026?
The market size of the Open-End Investment Funds industry in the United States is $196.1bn in 2026.
How many businesses are there in the Open-End Investment Funds industry in the United States in 2025?
There are 803 businesses in the Open-End Investment Funds industry in the United States, which has declined at a CAGR of 0.1 % between 2020 and 2025.
How may import tariffs affect the Open-End Investment Funds industry in the United States?
The Open-End Investment Funds industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Open-End Investment Funds industry in the United States?
The Open-End Investment Funds industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Open-End Investment Funds industry in the United States grown or declined over the past 5 years?
The market size of the Open-End Investment Funds industry in the United States has been growing at a CAGR of 0.0 % between 2020 and 2025.
What is the forecast growth of the Open-End Investment Funds industry in the United States over the next 5 years?
Over the next five years, the Open-End Investment Funds industry in the United States is expected to grow.
What are the biggest companies in the Open-End Investment Funds industry in the United States?
The biggest companies operating in the Open-End Investment Funds industry in the United States are Fidelity Investments Inc., Vanguard Group Inc. and Capital Group Companies Inc.
What does the Open-End Investment Funds industry in the United States include?
Sponsoring and offering equity funds and Sponsoring and offering bond funds are part of the Open-End Investment Funds industry in the United States.
Which companies have the highest market share in the Open-End Investment Funds industry in the United States?
The company holding the most market share in the Open-End Investment Funds industry in the United States is Fidelity Investments Inc..
How competitive is the Open-End Investment Funds industry in the United States?
The level of competition is high and increasing in the Open-End Investment Funds industry in the United States.
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