Monday, January 5, 2009

Most Mutual Fund Shareholders Are From Moderate Income Households

The Investment Company Institute has released its survey of of mutual funds for 2008, "Ownership of Mutual Funds, Shareholder Sentiment, and Use of the Internet, 2008." Among the key findings is the following:

Most U.S. mutual fund shareholders had moderate household incomes and were in their peak earning and saving years. About three in five U.S. households owning mutual funds had incomes between $25,000 and $99,999, and about two-thirds were headed by individuals between the ages of 35 and 64 in 2008. About twice as many U.S. households owned mutual funds through tax-deferred accounts—employer-sponsored retirement plans, IRAs, and variable annuities—as owned funds outside such accounts.

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