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Mutual Funds

The Industry Today

In 2018, there were 9,599 mutual fund companies, an increase of about 13 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 45 percent of total net world assets, followed by Europe (35 percent), Africa and Asia-Pacific (14 percent), and the rest of the world (6 percent). In 2018, mutual fund companies managed $21.4 trillion in assets (including those of exchange-traded funds, closed-end funds, and unit investment trusts) for more than 101.6 million U.S. investors. Worldwide regulated open-end mutual fund assets were $46.7 trillion at the end of 2018.

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