March 24, 2026/IOSCO
The International Organization of Securities Commissions (IOSCO) published today its 2025 Investment Funds Statistics Report (IFSR) and updated its associated Dashboard.
The IFSR is the only publicly available dashboard to aggregate both public and private investment fund types on a global level. It presents aggregated information submitted by IOSCO members to provide a global overview of the size, composition, and risk characteristics of investment funds. The report covers hedge funds, open-ended funds, and closed-ended funds, drawing on regulatory data collected through existing reporting frameworks and publicly available data, for 2024.
This fourth edition of the IFSR reflects submissions from a broad set of jurisdictions and captures a substantial share of global investment fund activity. The report contains information from 38 IOSCO member jurisdictions for the 2024 reporting year and encompasses 128,389 funds representing USD 72.6T in global aggregate net asset value (NAV) and ~85% of the global investment funds industry1.
While reporting coverage varies by fund type and jurisdiction, the data provides meaningful insight into trends in fund numbers, NAV, investment strategies, geographical investment focus, asset-class exposures, derivatives usage, leverage, liquidity risk, and counterparty risk2.
Overall, the data indicates continued growth in aggregate NAV across major fund types in 2024, alongside relatively stable risk profiles. Borrowing and leverage remain lower for open-ended and closed-ended funds than for hedge funds. Investment activity remains concentrated in a small number of jurisdictions and asset classes, with notable differences in strategy and risk characteristics across fund types.
“This fourth edition of the Investment Funds Statistics Report (IFSR) covers more jurisdictions than ever before. One of a kind, it provides a consistent, high-level overview of the global investment funds industry, with a particular focus on leverage, liquidity risk, and counterparty risk, to inform investors and interested stakeholders. Its associated dashboard facilitates the visualisation of data and sheds light on meaningful trends.”
– Jean-Paul Servais, IOSCO Board Chair
- The percentage is calculated using Preqin’s estimate for hedge funds as of September 2024 of USD 4.98T, ICI’s estimate for open-ended funds as of Q4 2024 of USD 79.27T less USD 5.39T for funds-of-funds, and a comparative figure for closed-ended funds of USD 6.02T using the percentage of total NAV for open-ended funds IOSCO has collected compared to global estimates and Preqin’s 2023 estimates of Private Equity. In total, the above combined provides an estimate of the global investments funds industry to be USD 85.01T.
- Given differences in regulatory frameworks, reporting obligations, and data availability, not all jurisdictions are able to provide information for all fund types or risk dimensions. Where relevant, the report highlights data limitations and methodological considerations to support appropriate interpretation of the results.
