Number of mutual funds in the U.S. 1997-2019

In 2019, there were 7,945 mutual funds in the United States. While there was a slight decrease after the Financial Crisis, the number of these funds increased during the recovery.

What are mutual funds?

Mutual funds are financial vehicles pulling investors’ money to buy a diversified portfolio of financial instruments. Depending on the investment fund strategy, defined in fund prospectus, mutual funds can invest money in different asset classes. These different fund types appeal differently to investors, depending on the economic climate. Some investment funds also take other factors into consideration. SRI (Socially Responsible Investment) funds, for example, only invest in companies engaging in socially- or environment-friendly activities.

Mutual fund outlook

Since 2000, over two in five U.S. households have owned mutual funds. Over the same period, the total net assets of these funds has more than doubled. This is likely because these funds provide an easy, relatively safe investment option that shows modest returns, which appeals to long-term investors such as those saving for retirement.

Number of mutual funds in the United States from 1997 to 2019

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Release date

May 2020


United States

Survey time period

1997 to 2019

Supplementary notes

Data include mutual funds that invest primarily in other mutual funds.
Mutual funds reporting to the Investment Company Institute.

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Statistics on "Mutual funds"

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