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
APPENDIX A:
How Mutual Funds and
Investment Companies
Operate
2005 facts at a glance |
|
Industry Numbers |
|
| Total Worldwide Assets Invested in Mutual Funds | $17.8 trillion |
| U.S.-Registered Investment Company Assets at Year-End | $9.5 trillion |
| Mutual Fund Assets |
$8.9 trillion |
| Closed-End Fund Assets | $276 billion |
| Exchange-Traded Fund Assets | $296 billion |
| Unit Investment Trust Assets | $41 billion |
| U.S. Fund Industry Employment | 146,250 |
| U.S.-Registered Investment Companies’ Share of: | |
| U.S. Stocks | 25% |
| U.S. Municipal Securities | 32% |
| Commercial Paper | 37% |
| U.S. Taxable Bonds | 10% |
U.S. Household Ownership of Mutual Funds |
|
| Number of Households Owning Mutual Funds | 54 million |
| Number of Individuals Owning Mutual Funds | 91 million |
| Percentage of Households Owning Mutual Funds | 47.5% |
| Percentage of Total Household Financial Assets Invested in Mutual Funds | 20% |
| Median Amount Fund-Owning Households Invest in Mutual Funds | $48,000 |
U.S. Retirement & Education Savings Markets |
|
| Total Retirement Market Assets |
$14.3 trillion |
| IRA and Defined Contribution Plan Assets Invested in Mutual Funds | $3.4 trillion |
| 529 Savings Plan Assets | $68.7 billion |
