Data Update: Year-end 2024
Published: Winter 2025

This report describes the competitive landscape for passively and actively managed retail funds from 2015 to 2024 in Canada, the United States, and worldwide.

Section 1 describes the methodology used in this study.
Section 2 describes the Canadian retail fund market. We look at the dollar amounts, market share, and flow of funds for passive and active funds. We also look at the types of passive funds offered on the Canadian market. Finally, we examine Canada’s management expense ratios (MERs) for passive and active funds.
Sections 3, 4, and 5 present the dollar amounts, market share, and flow of funds for passive and active retail
funds in the US, the world excluding North America, and the world overall.