PwC study finds ETF numbers larger than mutual funds

Europe from space

PwC Luxembourg’s 20th edition of its Annual Global Fund Distribution (GFD) Poster reveals that the number of cross-border ETFs has increased from 4,435 in 2018 to 4,780 in 2019, showing a growth rate of 7.8 per cent.

In comparison, the number of cross-border mutual funds only increased by 0.2 per cent, from 9,234 to 9,251, PwC writes. If the 10-year bull market has been a key driver for ETF, the current environment could bring mutual funds back to the forefront, PwC says.

Their report is designed to showcase the growth of cross border funds and distribution in 2019. The research process covers over 40 countries and provides a unique and global view of the health of the industry.

The study found a continued growth in the number of cross border funds to 14,031, commenting that asset managers have  continued to expand their global foot print in 2019. By end of the year, there were 121,458 fund registrations from 14,031 cross-border investment funds worldwide. The number of registrations has increased by 7.02 per cent in comparison with previous year and the number of cross-border funds has increased by 2.65 per cent.

PwC found that the top five asset management companies for cross-border distribution funds worldwide are Franklin Templeton, Fidelity International, HSBC, BlackRock and Invesco, with four of them based in the US, one based in the UK. Franklin Templeton stands head and shoulders above the rest with their cross-border funds distributed in 10 more countries than the no. 2 ranked Fidelity International.

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Beverly Chandler
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