In 2022, there were 7,393 mutual funds in the United States. This is a reasonable decline from the previous year, and reverses the upward trend of the preceding decade, most likely due to the economic effects of the global coronavirus (COVID-19) pandemic.
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 2022
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ICI. (May 22, 2023). Number of mutual funds in the United States from 1997 to 2022 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/255590/number-of-mutual-fund-companies-in-the-united-states/?ref=learn.censible.co
ICI. "Number of mutual funds in the United States from 1997 to 2022." Chart. May 22, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/255590/number-of-mutual-fund-companies-in-the-united-states/?ref=learn.censible.co
ICI. (2023). Number of mutual funds in the United States from 1997 to 2022. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/255590/number-of-mutual-fund-companies-in-the-united-states/?ref=learn.censible.co
ICI. "Number of Mutual Funds in The United States from 1997 to 2022." Statista, Statista Inc., 22 May 2023, https://www.statista.com/statistics/255590/number-of-mutual-fund-companies-in-the-united-states/?ref=learn.censible.co
ICI, Number of mutual funds in the United States from 1997 to 2022 Statista, https://www.statista.com/statistics/255590/number-of-mutual-fund-companies-in-the-united-states/?ref=learn.censible.co (last visited July 27, 2024)
Number of mutual funds in the United States from 1997 to 2022 [Graph], ICI, May 22, 2023. [Online]. Available: https://www.statista.com/statistics/255590/number-of-mutual-fund-companies-in-the-united-states/?ref=learn.censible.co