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|Who Is the Typical Mutual Fund Owner?|
At year-end 1997, 37.4 percent of all households - or about 65.5 million individuals - owned shares in mutual funds, according to research from the Invstment Company Institute (ICI), the Washington, DC-basd trade association for the mutual fund industry.
Other ICI fund research shows:Nearly 60 percent of folks owning mutual funds have household incomes ranginf from $25,000 a year to $74,999.Most people owning mutual funds are between the ages of 25 and 64.The more money one makes the more mutul fund accounts they are likely to have.And, more households sre likely to own equity funds than bond funds.
*from 101 Mutual Fund FAQs