Earlier this month, the ICI released its "Profile of Mutual Fund Shareholders, 2017" and "Characteristics of Mutual Fund Investors, 2017." They write, "​Ownership of mutual funds by US households grew significantly in the 1980s and 1990s and has remained steady over the past decade. On average since 2000, household ownership of mutual funds has been about 45 percent each year; this is down a bit from 49 percent in 2001, but higher than the 41 percent rate in 1998. Between mid-​2000 and mid-​2017, assets held in mutual funds increased from $​7.​1 trillion to $​17.​4 trillion. In mid-​2017, 44.​5 percent of US households owned mutual funds, representing 100.​0 million individual mutual fund shareholders. Mutual fund holdings represent a significant component of the savings and investments of many US households, with mutual fund assets now accounting for about one fifth of households' financial assets." On "Mutual Fund Ownership," the report says, "​Equity mutual funds were the most commonly held mutual funds. Among households that owned mutual funds, median mutual fund holdings were $​120,​000.... The largest percentage of mutual fund–​owning households, 87 percent, owned equity funds. Thirty seven percent had invested in balanced funds, 44 percent in bond funds, and 54 percent in money market funds. In addition, 39 percent of mutual fund–​owning households held global or international equity funds. Mutual fund holdings represented more than half of household financial assets for 65 percent of households that owned mutual funds."

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