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Mutual Funds

The Industry Today

In 2022, there were 9,345 mutual fund companies, an increase of about 9 percent from the 8,370 in 2000, according to The Investment Company Institute (ICI). The United States had the world’s largest mutual fund market, with 48 percent of total net world assets, followed by Europe (32 percent), Africa and Asia-Pacific (15 percent), and the rest of the world (5 percent). In 2022, mutual fund companies managed $22.1 trillion in assets (including those of exchange-traded funds, closed-end funds, and unit investment trusts) for 115.3 million U.S. investors. Worldwide regulated open-end mutual fund assets were $60.1 trillion at the end of 2022.

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