December 11th, 2006 Mutual Fund Retirement Assets Surpass $10 Trillion Mark
A study conducted by Investment Company Institute concluded that the combined total value of US mutual funds has surpassed the $10 trillion mark. The size of the mutual fund investments has increased by $286 billion, up 2.9% from last September. The largest amount of growth was seen by stock funds, growing up to $5.67 trillion, up 3.8% from last September.
Investors also put a lot of their money into long term investment funds such as stocks, bonds, hybrid funds and mutual funds. Edward Giltenan, a SpokesPerson for the Investment Company Institute says investors are willing to put their money into mutual funds, even if the markets perform poorly.
How does all this relate to 401k retirement plans? The Investment Company Institute says that 1/2 of all 401k plan retirement assets are invested in mutual funds.
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