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Published in:
2007 | OriginalPaper | Chapter
US and Chinese Mutual Fund Regulation
Authors : Mercer Bullard, Guangxi Jia, Jin Meng, Ji Qi
Published in: Diversification and Portfolio Management of Mutual Funds
Publisher: Palgrave Macmillan UK
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During the last quarter century, mutual funds have become the investment vehicle of choice for most American investors. Six percent of US households had $135 billion invested in mutual funds in 1980, and by the end of 2004, 48 percent of households had $8.1 trillion invested in mutual funds (Investment Company Institute, 2005). There are now more than 8,000 US mutual funds, compared with only 564 in 1980 (ibid.).