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Trust & Fund Activities in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 643 March 2024 Spotlight Report

Revenue

€32.0bn

2019-2024 1.6 %
2024-2029 X.X %

Employees

49,404

2019-2024 5.1 %
2024-2029 X.X %

Businesses

5,038

2019-2024 1.6 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Trust & Fund Activities in Europe industry analysis

Passive investing's popularity in Europe's fund investment industry is on the rise. Traditionally, active management strategies have led the way but now, many investors are relying less on the expertise of fund managers and letting market indices take the wheel. The ease of use, lower fees and steady returns of passive or tracker funds, which mimic a stock index's performance, are drawing in a sea of investors who prefer more hands-off, cost-effective investment strategies. Revenue is expected to grow at a compound annual rate of 1.6% over the five years through 2024 to €32 billion, including an estimated hike of 1.3% in 2024, Profitability is also slated to swell as demand and revenue climb.

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Industry Statistics and Trends

Trust & Fund Activities in Europe key trends

Passive investing's popularity in Europe skyrockets.

 

Low-cost, sustainable and hands-off investment strategies, like passive and ESG funds, are resonating with today's investor crowd.

European investors shift to passive funds.

 

They're being drawn in by the low-cost, market-average returns that passive funds offer. The surge in demand for sustainable ESG strategies is boosting passive investing's appeal even more.

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Trust & Fund Activities in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Trust & Fund Activities in Europe market size (2019-2024)

Industry revenue has grown at a CAGR of 1.6 % over the past five years, to reach an estimated €32.0bn in 2024.

Trends and Insights

Investors shift from actively managed funds to passive investment strategies

  • Trying to beat the market is no longer the focus of many investors; they’re instead opting for passive or tracker funds, which follow a stock index and deliver returns in line with the market average.

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Trust & Fund Activities in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Investment managers ramp up allocations towards ETFs

  • Demand for passive investments will remain resilient in the coming years. This will be driven by demand for low-cost investment options, advancements in technology and the increasing availability of low-cost online trading platforms making it easier for investors to put their money into passive ETFs.

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Revenue

€32.0bn

2019-2024 1.6 %
2024-2029 X.X %

Employees

49,404

2019-2024 5.1 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 5.1 % *
  • Job Growth

Top 5 Countries

    Bottom 5 Countries

      * CAGR values are for the years 2019-2024.

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      Biggest companies in the Trust & Fund Activities in Europe

      Company
      Market Share (%)
      2024
      Revenue (€m)
      2024
      Profit (€m)
      2024
      Profit Margin (%)
      2024
      Blackrock Inc
      4,833.4
      1,588.1
      32.9
      State Street Global Advisors Inc
      12,039.1
      2,481.5
      20.6
      Vanguard Group Inc
      7,319.4
      3,005.1
      41.1

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      Trust & Fund Activities in Europe

      Products & Services Segmentation

      Industry revenue broken down by key product and services lines.

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      Top Questions Answered in this Report

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      What is the market size of the Trust & Fund Activities industry in Europe in 2024?

      The market size of the Trust & Fund Activities industry in Europe is €32.0bn in 2024.

      How many businesses are there in the Trust & Fund Activities in Europe industry in 2024?

      There are 5,038 businesses in the Trust & Fund Activities industry in Europe, which has grown at a CAGR of 1.6 % between 2019 and 2024.

      Has the Trust & Fund Activities industry in Europe grown or declined over the past 5 years?

      The market size of the Trust & Fund Activities industry in Europe has been growing at a CAGR of 1.6 % between 2019 and 2024.

      What is the forecast growth of the Trust & Fund Activities industry in Europe over the next 5 years?

      Over the next five years, the Trust & Fund Activities industry in Europe is expected to grow.

      What does the Trust & Fund Activities in Europe include?

      Equity and Fixed income are part of the Trust & Fund Activities industry.

      How competitive is the Trust & Fund Activities industry in Europe?

      The level of competition is moderate and steady in the Trust & Fund Activities industry in Europe.

      Related Industries

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      Table of Contents

      About this industry

      Industry definition

      The Trust and Fund Activities industry includes legal entities organised to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve certain investment characteristics, like diversification, risk, rate of return and price volatility.

      Related Terms

      ASSETS UNDER MANAGEMENT (AUM)PASSIVE INVESTINGEXCHANGE-TRADED FUND (ETF)

      What's included in this industry?

      EquityFixed incomeAlternativesBalanced

      Companies

      Blackrock IncState Street Global Advisors IncVanguard Group Inc

      Industry Code

      ISIC 2006

      643 - Trusts, funds and similar financial entities in Europe

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      Performance

      Key Takeaways

      Investors shift from actively managed funds to passive investment strategies

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      Revenue Highlights

      Trends
      • Revenue
      • 2024 Revenue Growth
      • Revenue Volatility

      Employment Highlights

      Trends
      • Employees
      • Employees per Business
      • Revenue per Employee

      Business Highlights

      Trends
      • Businesses
      • Employees per Business
      • Revenue per Business

      Profit Highlights

      Trends
      • Total Profit
      • Profit Margin
      • Profit per Business

      Current Performance

      Charts
      • Revenue in the Trust & Fund Activities in Europe industry (2011 -2029)
      • Employees in the Trust & Fund Activities in Europe industry (2011 -2029)
      • Business in the Trust & Fund Activities in Europe industry (2011 -2029)
      • Profit in the Trust & Fund Activities in Europe industry (2011 -2029)
      Analysis

      What's driving current industry performance in the Trust & Fund Activities in Europe industry?


      Outlook

      Analysis

      What's driving the Trust & Fund Activities in Europe industry outlook?


      Volatility

      Analysis

      What influences volatility in the Trust & Fund Activities in Europe industry?

      Charts
      • Industry Volatility vs. Revenue Growth Matrix

      Life Cycle

      Analysis

      What determines the industry life cycle stage in the Trust & Fund Activities in Europe industry?

      Charts
      • Industry Life Cycle Matrix

      Products and Markets

      Highlights

      Trends
      • Largest Market
      • Product Innovation

      Key Takeaways

      Higher yields draw investors towards fixed income. Rising base rates have ratcheted up yields, supporting capital inflows towards bond index funds and ETFs.

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      Products and Services

      Charts
      • Products and Services Segmentation
      Analysis

      How are the Trust & Fund Activities in Europe industry's products and services performing?

      Analysis

      What are innovations in the Trust & Fund Activities in Europe industry's products and services?


      Major Markets

      Charts
      • Major Market Segmentation
      Analysis

      What influences demand in the Trust & Fund Activities in Europe industry?


      International Trade

      Highlights

      • Total Imports into Europe
      • Total Exports into Europe
      Heat maps
      • Industry Concentration of Imports by Country
      • Industry Concentration of Exports by Country
      Data Tables

      Value and annual change (%) included

      • Number of Imports and Exports by European Country (2024)

      Geographic Breakdown

      Business Locations

      Heat maps
      • Share of Total Industry Revenue by Region (2024)
      • Share of Total Industry Enterprises by Region (2024)
      • Share of Total Industry Employment by Region (2024)
      • Share of Total Industry Wages by Region (2024)

      Industry Geographic Breakdown

      Data Tables

      Values and annual change provided for 37 European countries:

      • Revenue (2024)
      • IVA (2024)
      • Enterprises (2024)
      • Employment (2024)
      • Exports (2024)
      • Imports (2024)

      Competitive Forces

      Highlights

      Trends
      • Concentration
      • Competition
      • Barriers to Entry
      • Substitutes
      • Buyer Power
      • Supplier Power

      Key Takeaways

      Established players hold significant market share. Large passive fund management firms like BlackRock, Vanguard and State Street hold strong brand recognition and have established trust among investors, propping up demand for their services.

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      Supply Chain

      Charts

      Buyer and supply industries

      Companies

      Market Share

      Charts
      • Industry Market Share by Company (2019-2024)

      Companies

      Data Tables

      Top 10 companies by market share:

      • Market share (2024)
      • Revenue (2024)
      • Profit (2024)
      • Profit Margin (2024)

      Data Tables
      • Countries of operation for Blackrock Inc
      • Countries of operation for State Street Global Advisors Inc
      • Countries of operation for Vanguard Group Inc
      • Countries of operation for UBS Asset Management AG
      • Countries of operation for Legal & General Investment Management Ltd
      • Countries of operation for Schroders plc
      • Countries of operation for Amundi Group
      • Countries of operation for HSBC Global Asset Management Ltd
      • Countries of operation for Invesco Asset Management Ltd
      • Countries of operation for DWS Group GmbH & Co KgaA

      External Environment

      Highlights

      Trends
      • Regulation & Policy
      • Assistance

      Key Takeaways

      Regulations and transparency shape Europe’s passive investing market. Regulatory changes, especially those promoting fee transparency, are driving investors and institutions like pension funds towards cost-efficient passive strategies.

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      External Drivers

      Analysis

      What demographic and macroeconomic factors impact the Trust & Fund Activities in Europe industry?

      Financial Benchmarks

      Highlights

      Trends
      • Profit Margin
      • Average Wage
      • Largest Cost

      Key Takeaways

      The growing popularity of passive investing supports profit. Its low cost and ease of use has driven an inflow of capital towards passive investment strategies in recent years, propping up profitability.

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      Cost Structure

      Charts
      • Share of Economy vs. Investment Matrix
      • Industry Cost Structure Benchmarks:
        • Marketing
        • Depreciation
        • Profit
        • Purchases
        • Wages
        • Rent
        • Utilities
        • Other
      Analysis

      What trends impact cost in the Trust & Fund Activities in Europe industry?


      Key Ratios

      Data tables
      • IVA/Revenue (2014-2029)
      • Imports/Demand (2014-2029)
      • Exports/Revenue (2014-2029)
      • Revenue per Employee (2014-2029)
      • Wages/Revenue (2014-2029)
      • Employees per Establishment (2014-2029)
      • Average Wage (2014-2029)

      Country Benchmarks

      European Leaders & Laggards

      Data Tables

      Top and boottom five countries listed for each:

      • Revenue Growth (2024)
      • Business Growth (2024)
      • Job Growth (2024)

      European Country Performance

      Data Tables

      Rankings available for 37 countries. Statistics ranked include:

      • IVA/Revenue (2024)
      • Imports/Demand (2024)
      • Exports/Revenue (2024)
      • Revenue per Employee (2024)
      • Wages/Revenue (2024)
      • Employees per Establishment (2024)
      • Average Wage (2024)

      Structural Comparison

      Data Tables

      Trends in 37 countries benchmarked against trends in Europe

      • Concentration
      • Competition
      • Barriers to Entry
      • Buyer Power
      • Supplier Power
      • Volatility
      • Capital Intensity
      • Innovation
      • Life Cycle

      Key Statistics

      Industry Data

      Data Tables

      Including values and annual change:

      • Revenue (2014-2029)
      • IVA (2014-2029)
      • Establishments (2014-2029)
      • Enterprises (2014-2029)
      • Employment (2014-2029)
      • Exports (2014-2029)
      • Imports (2014-2029)
      • Wages (2014-2029)

      Methodology

      Where does IBISWorld source its data?

      IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

      Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

      IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

      To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.