Release: Worldwide Regulated Open-End Fund Assets and Flows

Worldwide Regulated Open-End Fund Assets and Flows
First Quarter 2024

Washington, DC; June 25, 2024–Worldwide regulated open-end fund assets increased 0.5 percent to $69.17 trillion at the end of the first quarter of 2024, excluding funds of funds. Worldwide net cash inflow to all funds was $814 billion in the first quarter, compared with $674 billion of net inflows in the fourth quarter of 2023. Please note that the Australian data is currently unavailable and the total net assets were 2.6 trillion USD as of the fourth quarter of 2023.

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 first 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. 

The growth rate of total regulated open-end fund assets reported in US dollars was decreased by US dollar appreciation over the first quarter of 2024. For example, on a US dollar–denominated basis, fund assets in Europe increased by 2.3 percent in the first quarter, compared with an increase of 4.5 percent on a euro-denominated basis.

Net Assets of Worldwide Regulated Open-End Funds
Billions of US dollars

*Excludes Funds of Funds where possible

On a US dollar–denominated basis, equity fund assets increased by 4.1 percent to $33.08 trillion at the end of the first quarter of 2024. Bond fund assets increased by 0.8 percent to $13.00 trillion in the first quarter. Balanced/mixed fund assets increased by 0.5 percent to $7.33 trillion in the first quarter, while money market fund assets decreased by 0.3 percent globally to $10.41 trillion.

Percentage of Worldwide Regulated Open-End Fund Assets

At the end of the first 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 11 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 first 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

* Indicates an amount that is less than $0.500 million.

Note: 43 jurisdictions reported data in Q1 2023 through Q1 2024.  Assets of reporting jurisdictions represented 96 percent of assets of all jurisdictions at the end of 2024: Q1. 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 $814 billion in the first quarter of 2024. Flows into equity funds worldwide were $190 billion in the first quarter, after experiencing $177 billion of net inflows in the fourth quarter of 2023.

Globally, bond funds posted an inflow of $367 billion in the first quarter of 2024, after recording an inflow of $147 billion in the fourth quarter.

Outflows from balanced/mixed funds worldwide totaled $63 billion in the first quarter of 2024, compared with $87 billion of outflows in the fourth quarter of 2023.

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 $277 billion in the first quarter of 2024 after registering an inflow of $358 billion in the fourth quarter of 2023.