Exchange Traded Fund Market Report 2024

The exchange-traded fund market size has grown exponentially in recent years. It will grow from $15.97 billion in 2023 to $19.34 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth during the historical period was driven by the increasing adoption of passive investing, enhanced market liquidity, consistent trading activities, and the popularity of equity ETFs.

The exchange-traded fund market size is expected to see exponential growth in the next few years. It will grow to $41.79 billion in 2028 at a compound annual growth rate (CAGR) of 21.2%. Anticipated growth in the forecast period can be attributed to the expansion of bond ETFs, challenges posed by regulatory complexity, rapid access to diversified portfolios, and an accelerated shift toward e-commerce and digital transformation. Key trends expected in this period include the introduction of new ETFs, advancements in technology, enhancements in online trading platforms, the use of robo-advisors for ETF trading, and greater reliance on digital technologies.

The growth of total asset management is expected to drive expansion in the exchange-traded fund (ETF) market. Asset management involves professionally managing investments on behalf of clients, driven by the complexity of assets, the need for effective risk management, and the pursuit of higher investment returns. ETFs support asset management by offering diversification, liquidity, cost efficiency, and enhanced portfolio and investment strategies. For example, as reported by the State Street Corporation in February 2024, the global ETF market achieved a milestone with $11.6 trillion in assets under management, marking a 15% increase from 2022. This growth was fueled by investors reallocating funds from cash to equities and bonds. Therefore, the rise in total asset management is a key driver of the expanding ETF market.

Leading companies in the ETF market are focusing on innovative offerings tailored to emerging market trends, such as electric vehicles (EVs) and new-age automotive sectors, to meet growing demand for sustainable investment options. ETFs focused on EVs aim to generate long-term capital appreciation by investing in companies leading the transformation of the automotive industry and its associated value chain. For instance, in June 2024, Mirae Asset Financial Group introduced India's first ETF dedicated to electric vehicles and new-age automotive segments, named the Mirae Asset Nifty EV and New Age Automotive ETF. This open-ended scheme tracks the Nifty EV and New Age Automotive Total Return Index, catering to investor interest in sustainable and forward-looking investment opportunities.

In January 2024, Amplify ETFs, a US-based investment company, acquired ETF assets from ETF Managers Group (ETFMG) for an undisclosed sum. This acquisition is expected to substantially expand Amplify's range of investor solutions and product offerings within its ETF segment portfolio. ETF Managers Group (ETFMG), also based in the US, specializes in providing exchange-traded funds tailored for investors.

Major companies operating in the exchange traded fund market are JPMorgan Chase & Co., Bank of America, Wells Fargo & Company, BNP Paribas SA, Morgan Stanley, The Goldman Sachs Group Inc., UBS Group AG, Barclays PLC, FMR LLC, Hartford Funds, The Charles Schwab Corp., BlackRock Inc., State Street Corporation, The Vanguard Group Inc., Blackstone Inc., T. Rowe Price, Invesco Ltd., Morningstar Inc., Abrdn plc, BMO Global Asset Management, Virtus Investment Partners, VictoryShares (Victory Capital), WisdomTree Inc., Tata Mutual Fund, Van Eck Associates Corp.

North America was the largest region in the exchange traded fund market in 2023. The regions covered in the exchange traded fund market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the exchange traded fund market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An exchange-traded fund (ETF) operates similarly to stocks on stock exchanges, offering investors exposure to a diversified portfolio of assets intended to mirror the performance of a specific index, commodity, bond, or group of assets. ETFs come in various styles, passive ETFs closely track specific indices, active ETFs involve active management strategies, and smart beta ETFs utilize alternative index-weighting methods.

ETFs span different asset classes including equity, fixed-income, commodity, currency, real estate, and hybrid funds. These cater to diverse investor types through various distribution channels, serving both individual and institutional investors across retail and institutional sectors.

The exchange-traded funds market research report is one of a series of new reports that provides exchange-traded funds market statistics, including exchange-traded funds industry global market size, regional shares, competitors with a exchange-traded funds market share, detailed exchange-traded funds market segments, market trends and opportunities, and any further data you may need to thrive in the exchange-traded funds industry. This exchange-traded funds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The exchange-traded fund market includes revenues earned by entities through management fees, administrative costs, custodian fees, and legal fees. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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