- 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