Fuse Blog

Record Number of Mutual Fund and ETF Managers Enter Market in Nearly a Decade

68 new managers launched an ETF or mutual fund in 2021, the highest level since 2012 when 75 managers introduced a fund.
These 68 new managers amassed nearly $15 billion in AUM as of February 2022, with the lion’s share ($12 billion) in mutual funds. Nearly three-quarters (71%) of assets are actively managed.
Among the new managers, Legal & General, BondBloxx, and Catholic Responsible Investments were the most active, each launching at least five new funds.
Key themes across the 119 new funds launched by these new managers include Diversity, Climate, Systematic Investing, Crypto, and Inflation.

Number of New Firms, 2012-2021

Source: Morningstar, FUSE Research Network