Journal of Financial and Quantitative Analysis Vol. 2 No. 4 1967
Factors that Affect Mutual Fund Growth
Abstract
The substantial growth of the mutual fund industry during the last few years has attracted the attention of students of finance, economics, and public policy alike. Net assets managed by such funds have grown from approximately $450 million in 1940 to more than $38 billion by June of 1966. During 1965 the mutual fund industry funneled some $5. billion of new (primarily equity) funds into the capital markets; more than twice the $2. billion in new equity raised by all non-financial United States corporations during the year. Growth of the industry has not been uniform, however, but has been concentrated among a relatively small number of highly successful funds.
- DOI
- 10.2307/2330081
- Volume
- 2
- Issue
- 4
- Pages
- 365
- Sources
- crossref openalex