Tools commonly used in the Mutual Funds industry for day-to-day tasks and operations.

• Portfolio management software
• Risk management software
• Financial analysis software
• Trading platforms
• Investment research tools
• Performance tracking tools
• Compliance software
• Customer relationship management (CRM) software
• Accounting software
• Data analytics tools

Common products and services typical of NAICS Code 523910-02, illustrating the main business activities and contributions to the market.

• Equity mutual funds
• Bond mutual funds
• Money market mutual funds
• Index mutual funds
• Sector mutual funds
• International mutual funds
• Balanced mutual funds
• Growth mutual funds
• Value mutual funds
• Dividend mutual funds

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Series 6: A license that allows individuals to sell mutual funds and other investment products. It is issued by the Financial Industry Regulatory Authority (FINRA).
• Series 7: A license that allows individuals to sell a wide range of securities, including mutual funds. It is issued by FINRA.
• Series 63: A license that allows individuals to solicit orders for securities transactions, including mutual funds. It is issued by FINRA.
• Chartered Financial Analyst (CFA): A professional designation that demonstrates expertise in investment analysis and portfolio management. It is issued by the CFA Institute.
• Certified Financial Planner (CFP): A professional designation that demonstrates expertise in financial planning, including mutual fund investments. It is issued by the Certified Financial Planner Board of Standards.

A concise historical narrative of NAICS Code 523910-02 covering global milestones and recent developments within the United States.

• The mutual funds industry has a long history dating back to the 18th century. The first mutual fund was established in the Netherlands in 1774, followed by the first US mutual fund in 1893. The industry experienced significant growth in the 1920s, but the Great Depression led to a decline in assets. The industry rebounded in the 1950s and 1960s, with the introduction of new types of funds, such as bond funds and money market funds. In the 1970s, the industry faced increased regulation, including the Investment Company Act of 1940, which required mutual funds to register with the SEC. The 1980s and 1990s saw the rise of index funds and the growth of the industry into a major player in the financial markets. In recent history, the mutual funds industry in the United States has continued to grow, with assets under management reaching over $22 trillion in 2020. The industry has faced challenges, such as the 2008 financial crisis and increased competition from exchange-traded funds (ETFs). However, mutual funds remain a popular investment vehicle for individual investors and institutions alike. The industry has also seen advancements in technology, with the rise of robo-advisors and the use of artificial intelligence in investment management.

The anticipated future trajectory of the NAICS 523910-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The mutual funds industry in the USA is expected to continue to grow in the coming years. The industry is expected to benefit from the increasing demand for investment products, as well as the growing popularity of passive investment strategies. The industry is also expected to benefit from the increasing use of technology, which is making it easier for investors to access and manage their investments. However, the industry is also facing challenges, including increased competition from other investment products and regulatory changes that could impact the industry's profitability. Overall, the mutual funds industry is expected to continue to grow in the coming years, but it will need to adapt to changing market conditions to remain competitive.

Recent groundbreaking advancements and milestones in the Mutual Funds industry, reflecting notable innovations that have reshaped its landscape.

• Robo-Advisors: Robo-advisors are automated investment platforms that use algorithms to manage portfolios. They have become increasingly popular in recent years, as they offer investors a low-cost and convenient way to invest in the market.
• ESG Investing: Environmental, social, and governance (ESG) investing has become increasingly popular in recent years, as investors have become more interested in investing in companies that are socially responsible and environmentally friendly.
• Smart Beta: Smart beta is an investment strategy that uses a rules-based approach to investing, rather than relying on traditional market capitalization weighting. This approach has become increasingly popular in recent years, as investors have become more interested in alternative investment strategies.
• Etfs: Exchange-traded funds (ETFs) have become increasingly popular in recent years, as they offer investors a low-cost and convenient way to invest in the market. ETFs are similar to mutual funds, but they trade like stocks on an exchange.
• Alternative Investments: Alternative investments, such as private equity and hedge funds, have become increasingly popular in recent years, as investors have become more interested in alternative investment strategies.