2006 Investment Company Fact Book

 

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A Letter From ICI’s Chief
Economist

2005 Facts at a Glance

ICI Research: Staff and
Publications

SECTION ONE:
Overview of
U.S.-Registered
Investment Companies

SECTION TWO:
Recent Mutual Fund
Trends

SECTION THREE:
Exchange-Traded Funds

SECTION FOUR:
Closed-End Funds

SECTION FIVE:
Mutual Fund Fees and
Expenses

SECTION SIX:
Mutual Fund Owners:
Who Are They and
Where Do They
Purchase Fund Shares?

SECTION SEVEN:
The Role of Mutual Funds
in Retirement and
Education Savings

DATA TABLES

APPENDIX A:
How Mutual Funds and
Investment Companies
Operate

APPENDIX B:
ICI Statistical Releases
and Research

GLOSSARY OF TERMS

FACT BOOK ARCHIVE

section 1: Overview of U.S.-Registered Investment Companies

Sources of Investment Company Growth in 2005

Number of Investment Companies and Types of Intermediaries

Role of U.S. Investment Companies in Financial Markets

Investment Company Employment

section 2: Recent Mutual Fund Trends

U.S. Mutual Fund Assets

Developments in Mutual Fund Flows

Demand for Long-Term Mutual Funds

Demand for Money Market Mutual Funds

section 3: Exchange-Traded Funds

What Is an ETF?

Development of the ETF Market

Demand for ETFs and Index Investments

section 4: Closed-End Funds

Assets in Closed-End Funds

Number of Closed-End Funds

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

Financial Adviser Compensation

section 6: Mutual Fund Owners: Who Are They and Where Do They Purchase Fund Shares?

Individual and Household Ownership

Characteristics of Individuals and Households Owning Mutual Funds

Where Individuals Own Mutual Funds

Institutional Ownership

SECTION 7: The Role of Mutual Funds in Retirement and Education Savings

Mutual Funds’ Role in Retirement Savings

Retirement Investor Characteristics

Mutual Funds’ Role in Households’ Education Savings

Data Tables

Section 1: U.S. Mutual Fund Totals

Section 2: Other U.S. Investment Companies

Section 3: U.S. Long-Term Mutual Funds

Section 4: U.S. Short-Term Mutual Funds

Section 5: Institutional Investors in the U.S. Mutual Fund Industry

Section 6: 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

Tax Features of Funds

Appendix B: ICI Statistical Releases and Research

ICI Statistical Releases

ICI Research

Glossary of Terms

 
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