Stay tuned for a more detailed summary of this Tiburon research!

The purpose of this report is to provide readers with an initial understanding of the $12.0 trillion mutual funds industry. The report addresses the market’s history and growth, as well as trends in product development (e.g., target date funds, socially responsible funds, mutual funds with hedge fund strategies), pricing parameters (e.g., share classes, mutual fund wrap programs, performance fees), and distribution channels (e.g., wirehouses, mutual fund supermarkets, fee-based financial advisors, independent reps, international markets). This is the third draft of Tiburon’s research on this topic.

Tiburon’s first draft of this report was published in 2005; that draft consolidated prior Tiburon research into one report.

Tiburon’s second draft of this report was published in 2009; that draft focused on tightening the storyline, enhancing the market history chapter, establishing core industry charts, & adding significant detail to the appendix profiles of the 300 relatively smaller mutual fund companies, as well as those of some core Tiburon clients, including Ameriprise Financial, City National Corporation, Fidelity Investments, Franklin Resources, Invesco, Mitsubishi UFJ Financial Group, Natixis, Neuberger Berman, Power Corporation of Canada, Sutton Place Associates, The Charles Schwab Corporation, & Wells Fargo Corporation.

This is Tiburon’s third draft of this report. This draft includes refined introduction, market definition, & market growth chapters, as well as updates to some of the market data, and updates to some key sections, including that addressing target date mutual funds. This draft also furthers the profiles of some core Tiburon clients, including Fidelity Investments, The Capital Group Companies, & The Vanguard Group.

Written by Tiburon Managing Principal Chip Roame, Senior Research Manager Pablo Perez, & Research Associate Madhu Subramanian.