About This Statistic
The statistic presents the number of mutual funds in the United States from 1997 to 2016. There were 9,511 mutual funds in the United States in 2016.
Mutual funds – additional information
Mutual funds are a form of collective investment. The investors’ money is pooled together and invested in selected financial instruments, according to the strategy defined in the fund prospectus. There are different types of mutual funds available to investors, corresponding to the return expectation and risk level that they are ready to take.
The number of mutual funds in the United States has not changed significantly in the last years. Since 2000, there were on average 8,600 funds available for the investors each year. Even the financial crisis in 2008 didn’t provoke big changes in the number of the mutual funds. In 2014, there were 9,260 mutual funds in the United States, managing assets worth approximately 15.87 trillion U.S. dollars. In the same year, the number of mutual funds globally reached 79,669. They managed 31.38 trillion U.S. dollars of clients’ assets.
Each year the quantity of mutual funds is subject to fluctuation as some of the existing funds are closed and new funds are created. Closing a fund usually means liquidating it (the fund ceases to exist) or merging in into another fund.
One of the reasons for the growth in the number of mutual funds in the last years can be explained by the fact that higher number of funds was created than closed.