How many mutual funds are there in the US?
14000 in 2011
It is widely known the fact that a mutual fund is a type of professionally managed collective investment scheme that pools money from many investors to purchase securities. There has been a boom in the United States of America in the 1980s and the 1990s when it comes to mutual funds. There has been a decline when it comes to mutual funds in the US caused by the financial crisis in 2008. At the end of 2011, there were over 14,000 mutual funds in the United States with combined assets of $13 trillion.