The mutual fund industry publishes a fact book containing exhaustive data on the historic and current state of mutual funds. Go to www.ici.org, click on Research and Statistics, then on Fact Books.
a. Select and report on one statistic not reported in this textbook.
b. Discuss the relationship between the return on equity and flows to equity mutual funds.
c. What percentage of mutual funds assets are currently owned by households?
d. What is the average annual income of an investor in mutual funds?