There has been considerable growth in recent years in the mutual fund industry. The number of mutual funds worldwide grew from 6,778 in 1997 to 9,520 in 2015. According to the Investment Company Institute (ICI), more than 93.1 million U.S. investors had $18.1 trillion in assets invested in mutual funds in 2015. Although there have been occasional downturns in total net assets due to economic recessions (such as the Great Recession, which lasted from December 2007 to June 2009), corporate scandals, or other factors, the industry has always bounced back. In 2007, total assets under management (AUM) in the U.S. mutual fund industry reached a record $12 trillion, but in 2008, at the height of the Great Recession, total AUM declined to $9.6 trillion. As the recession lessened, AUM rebounded. Between 2009 and 2015, total AUM grew by about 29 percent—reaching a historic high of $15.6 trillion.
Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.
- Financial Quantitative Analysts
- Mutual Fund Accountants and Auditors
- Mutual Fund Analysts
- Mutual Fund Compliance Professionals
- Mutual Fund Customer Service Representatives
- Mutual Fund Financial Managers
- Mutual Fund Lawyers
- Mutual Fund Marketing Specialists
- Mutual Fund Portfolio Managers
- Mutual Fund Risk Managers
- Mutual Fund Wholesalers