MarketsAug 13, 2024
The Rise to One Million Investment Choices
@visualcapitalist
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What We're Showing
The number of managed investment products, which includes mutual funds and ETFs, over time. Data is from Morningstar.
Key Takeaways
- From 2002 to June 30, 2023, the number of managed investment products grew from 31,470 to 742,715.
- It's projected that there will be one million managed investment products by 2031.
- The huge number of choices is leading to decision paralysis among investors, with 26% of people saying they are uncomfortable making investment decisions.
Dataset
| Year | Number of Managed Investment Products |
|---|---|
| 2002 | 31,470 |
| 2003 | 66,225 |
| 2004 | 96,050 |
| 2005 | 133,967 |
| 2006 | 175,001 |
| 2007 | 221,417 |
| 2008 | 276,115 |
| 2009 | 299,882 |
| 2010 | 332,693 |
| 2011 | 371,224 |
| 2012 | 411,414 |
| 2013 | 450,744 |
| 2014 | 496,460 |
| 2015 | 539,013 |
| 2016 | 573,999 |
| 2017 | 615,025 |
| 2018 | 647,483 |
| 2019 | 665,622 |
| 2020 | 688,700 |
| 2021 | 713,635 |
| 2022 | 735,474 |
| 2023 | 742,715 |
| 2024P | 790,018 |
| 2025P | 818,789 |
| 2026P | 848,608 |
| 2027P | 879,512 |
| 2028P | 911,542 |
| 2029P | 944,739 |
| 2030P | 979,144 |
| 2031P | 1,014,802 |
Data sources
Data for 2023 is as of June 30. The 2024-2031 projection is based on the compound annual growth rate of 3.64% from 2017-2022 continuing into the future. Managed products include closed end funds, collective investment trusts, exchange traded funds, global restricted funds, hedge funds, insurance product funds, models, open-end funds, separate accounts, UK LP subaccounts, VA subaccounts, and VL subaccounts. The 26% statistic is from Morningstar's online survey of 2,003 people aged 18 or older who were living in the U.S. and not currently employed as a financial advisor.
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