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Important Disclosures and Public Statements


The articles published here represent the personal views of the author(s), and not necessarily the views of any securities firm, insurance company, FINRA, SEC or organization with which he or she may be affiliated. All statements made in these articles are for general information only and are not intended to provide, nor should they be relied on as, legal or investment advice.  Readers must consult with their qualified investment, tax or legal advisors before relying upon any content contained herein. Statements made in these articles may be incorrect for your state or jurisdiction. Also keep in mind that at the time when you read such statements the underlying rules, regulations and/or decisions may no longer be controlling or persuasive as a matter of investment or insurance law or interpretation.

Consumer Finance Articles

More Than 50 Million U.S. Households Own Mutual Funds

The Investment Company Institute –ICI statistics revealed that more than 50 million U.S. households owned mutual funds in 2009.

  • Mutual funds are the most commonly held type of fund
  • 3.0 million households reported owning exchange-traded funds (ETFs)
  • 1.8 million households reported owning closed-end funds.


The Institute says that Mutual funds continue to be a key investment vehicle for millions of Americans who are saving for retirement or education costs, or building personal savings for emergency reserves.


Baby Boomers are the largest mutual fund–owning generation. In 2009, 46 percent of mutual fund–owning households were headed by Baby Boomers, and they held 59 percent of households’ mutual fund assets.


The ICI also said that nine in 10 mutual fund owners reported having Internet access. Among that group, eight in 10 used the Internet for financial purposes.

Additional Resources: Get more info on EFTs   |  Get More Info on Closed-End Mutual Funds



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Abdul Muhammad posted on Friday, May 28, 2010

Tags: Investments, Mutual Funds

Posted in: Investments

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