30 Who is the typical fund owner?
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This article is from the FAQ, by with numerous contributions by others.
30 Who is the typical fund owner?
According to several surveys by the Investment Company Institute (ICI) conducted over the last several years:
63% of investors own at least two mutual funds.
43% of investors own four or more funds.
The average mutual fund investor holds $18,000 in mutual funds.
The average median age is 44 with a median household income of $60,000.
Other interesting facts from the ICI surveys include:
73% of mutual fund investors own stock funds.
49% of mutual fund investors own bond funds.
52% of mutual fund investors own money market funds.
60% of mutual fund investors purchased their funds through a broker,
insurance agent, financial planner or bank rep.
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