A Letter From ICI's Chief Economist
ICI Research: Staff and Publications
Section 1: Overview of U.S.-Registered Investment Companies
Investment Company Assets in 2008
Americans' Continued Reliance on Investment Companies Continues
Role of Investment Companies in Financial Markets
Number of Investment Companies and Types of Intermediaries
Section 2: Recent Mutual Fund Trends
Developments in Mutual Fund Flows
Demand for Long-Term Mutual Funds
Demand for Money Market Mutual Funds
Section 3: Exchange-Traded Funds
Closed-End Fund Preferred Shares
Closed-End Fund Auction Market Preferred Stock
Characteristics of Closed-End Fund Investors
Section 5: Mutual Fund Fees and Expenses
Trends in Mutual Fund Fees and Expenses
Shareholder Demand for Lower-Cost Funds
Factors Infuencing Mutual Fund Fees and Expenses
Section 6: Characteristics of Mutual Fund Owners
Individual and Household Ownership
Where Individuals Purchase and Own Mutual Funds
Shareholders’ Use of the Internet
Section 7: The Role of Mutual Funds in Retirement and Education Savings
Individual Retirement Accounts
Distributions from Defined Contribution Plans and IRAs
Mutual Funds’ Role in Households’ Retirement Savings
Mutual Funds’ Role in Households’ Education Savings
Section 1: U.S. Mutual Fund Totals
Section 2: Closed-End Funds, Exchange-Traded Funds, and Unit Investment Trusts
Section 3: U.S. Long-Term Mutual Funds
Section 4: U.S. Money Market Mutual Funds
Section 5: Additional Categories of U.S. Mutual Funds
Section 6: Institutional Investors in the U.S. Mutual Fund Industry
Section 7: Worldwide Mutual Fund Totals
Appendix A: How mutual Funds and investment companies Operate
The Origins of Pooled Investing
The Different Types of U.S. Investment Companies
The Organization of a Mutual Fund
Fund Entities and Service Providers
Fund Pricing: Net Asset Value and the Pricing Process
Appendix B: ICI Statistical Releases and Research Publications
Appendix C: Significant Events in Fund History
timeline: Significant Events for Funds in the Financial Crisis
