Mutual Fund Management Industry Overview

Excerpt from Mutual Fund Management Report

The US mutual fund management industry includes about 600 companies with about $12 trillion in assets under management. Major companies include BlackRock, Capital Research and Management (American Funds), FMR (Fidelity Investments), JPMorgan Chase, and Vanguard.

Competitive Landscape

Demand is affected by the growth of retirement capital and returns on alternative investments. The profitability of individual companies depends on investment expertise and effective marketing. Large companies have economies of scale in operations and marketing. Small companies can compete effectively by specializing in desirable sectors and by producing higher investment returns.

Products, Operations & Technology

Major services include the initial formation of a mutual fund, sales and redemption of shares, investment advisory services, and day-to-day management.