Open-End Mutual Funds:
America's Primary Investment Vehicle Under Threat

Recently Released!!!
Date Published: March 15, 2023
Summary PowerPoint Deck: 287 Slides

Reference PowerPoint Deck: 1,408 Slides

The purpose of this research is to provide readers with a comprehensive understanding of the open-end mutual funds market, a market which continues to dominate financial assets but faces slowed growth. The research addresses the market's history and growth, as well as trends in investment styles (e.g., index mutual funds, liquid alternatives mutual funds, sustainable investing mutual funds), and markets & distritubtion channels (e.g., direct channels, fee-based financial advisors (RIAs), defined contribution plans). Other Tiburon research topics address exchange traded funds (ETFs), closed-end mutual funds, & unit investment trusts. And these four topics are summarized in Tiburon's coverage of registered investment companies.

This research explains the key historical phases of open-end mutual funds, including:
  • Formation Phase
  • Early Expansion Phase
  • More Rapid Expansion Phase
  • Scandals & Consolidation Phase
  • Exchange Traded Funds (ETFs) Emergence Phase
This research addresses the market's growth and the leading open-end mutual fund sponsors.

This research addresses open-end mutual funds' key markets segments, including:
  • Open-End Stock Mutual Funds
  • Open-End Hybrid Mutual Funds
  • Open-End Bond Mutual Funds
  • Open-End Money Market Mutual Funds
This research addresses open-end mutual funds' markets & distribution channels, including:
  • Direct Distribution
  • Financial Advisor Channels
  • Institutional Markets
And this research concludes with future predictions for open-end mutual funds, including:
  • Competition From Alternative Products in Defined Contribution Plans & Fee-Based Financial Advisors (RIAs) Channels
  • Slow Market Growth for Open-End Mutual Funds
  • Fastest Growth in Open-End Hybrid, Bond, & Money Market Mutual Funds
  • Numerous Emerging Investment Styles with Potentially Substantial Growth
    • Open-End Index Mutual Funds
    • Open-End Liquid Alternative Mutual Funds
    • Open-End Sustainable Investing (SRI & ESG) Mutual Funds
  • Pricing Pressure Across All Investment Styles, Especially for Active Management & Substantial Majority of Flows to Low Cost Share Classes
  • Rapid Emergence of Models & Asset Allocation Strategies to Capture Margins
  • Continuing Dominance of The Vanguard Group, Fidelity Investments, BlackRock, & American Funds

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