They've got a lot of competition these days from so-called alternatives like ETFs and other products, many of which have been quickly lapping up new assets in recent years. But mutual funds' all-out dominance of the vast U.S. investment universe remains unchallenged. In fact, they account for a full 93 percent of investment assets in the U.S., according to the Investment Company Institute. Meanwhile, their share of total U.S. household financial assets is even higher today than it was just 10 years ago, up to 23 percent in 2007 from 15 percent in 1997.
INVESTMENT COMPANY ASSETS, IN BILLIONS OF DOLLARS
|Year||Mutual funds||Closed-end funds||ETFs||UITs||Total|
|Source: Investment Company Institute|