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Factors that Affect Mutual Fund Growth

Published online by Cambridge University Press:  19 October 2009

F. B. Allerdice  and
D. E. Farrar
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Extract

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.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 2 , Issue 4 , December 1967 , pp. 365 - 382
Copyright
Copyright © School of Business Administration, University of Washington 1967

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