Number of mutual funds in the U.S. 1997-2018

In 2018, there were 9,599 mutual funds in the United States. While there was a slight decrease after the Financial Crisis, the number of these funds increased during the recovery.

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 2018

Number of mutual funds
20189,599
20179,354
20169,505
20159,515
20149,256
20138,970
20128,742
20118,662
20108,523
20098,594
20088,860
20078,723
20068,704
20058,439
20048,411
20038,406
20028,490
20018,480
20008,349
19997,970
19987,489
19976,778
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Sources

Release date

May 2019

Region

United States

Survey time period

1997 to 2018

Supplementary notes

Data include mutual funds that invest primarily in other mutual funds.
Mutual funds reporting to the Investment Company Institute.

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Statistics on "Mutual funds"

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