Ownership of Mutual Funds and Shareholder Sentiment, 2022

Abstract

Each year, the Investment Company Institute (ICI) conducts a telephone survey of US households to track households’ ownership of mutual funds and to gather information on their demographic and financial characteristics. The most recent survey was conducted from May to June 2022 and was fielded on the KnowledgePanel®, a probability based online panel designed to be representative of the US population. The Annual Mutual Fund Shareholder Tracking Survey sample for 2022 included 6,080 US households. Of the households contacted, 3,178 households, or 52.3 percent, owned mutual funds. This paper presents results from the survey, highlighting incidence of mutual fund ownership among US households; mutual fund shareholder sentiment; and households’ willingness to take financial risk.

Keywords: Mutual fund ownership, household finance, investor behavior

JEL Classification: D14, D31, G11