Sunday, October 26, 2008

Investment Company Factbook

The 2008 Investment Company Factbook is a compendium of data on the mutual funds industry. The 2008 Factbook provides a snapshot of the industry in 2007. Here are a few of the many interesting data that can be found at this site:
  • 54% of mutual fund assets were in stock funds
  • More than four in ten U.S. households own mutual funds and among these households the average mutual fund investment was about $100,000.
  • 64% of households have more than half their financial assets in mutual funds
  • 76% own defined contribution retirement accounts and 57% of households purchased their first mutual fund through their defined contribution retirement account

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