As of June 30, 2024, there were 344 thematic funds domiciled in the United States, accounting for 22% of all assets in thematic funds globally. In Europe, there were 870 thematic funds domiciled, accounting for more than half (55%) of all assets in thematic funds globally. Canadian thematic funds represent a tiny but growing segment of the Canadian fund universe.
Get more robust commentary and analysis on all three of these regions and the rest of the world by downloading the free report: Morningstar Global Thematic Funds Landscape 2024.
Additional topics covered include:
- A Brief History of Thematic Funds
- Defining the Universe of Thematic Funds
- Most Thematic Funds Display a Growth Tilt
Morningstar’s global taxonomy for thematic funds is based on intentionality rather than holdings. To identify intentionality, we rely on a combination of fund names (a strong indicator of intentionality) and information gleaned from prospectuses, marketing materials, index methodologies (in the case of index funds), and data points available in Morningstar Direct, such as investment objective.
You can scan the complete picture of the global thematic fund market with your own free trial of Morningstar Direct.
