Data Update: Year-end 2023
Published: Winter 2024

This report describes the competitive landscape for passively and actively managed retail funds from 2014 to 2023 in Canada, the United States, and worldwide.

Section 1 describes the methodology that serves as the backbone of this study.
Section 2 describes the Canadian retail fund market. We review the dollar amount, market share, and flow of funds of passive and active funds. We review the types of passive funds offered on the Canadian market, classifying them into three categories: market-capitalization weighted, factor funds, and other. We also examine Canada’s management expense ratios (MERs) for passive and active funds.
Sections 3, 4, and 5 review the dollar amount, market share, and flow of funds of passive and active retail funds for the US, the world ex-North America, and the world overall.