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Who are buying the American common funds?
America, as the most developed country in the world, has various types of investment, such as house property, funds, shares, stocks and foreign exchange, whereas for investors, the most wide-spread way to manage their money is to buy common funds.
According to the materials in a survey, in 2006 about 48% American families (over 96 million persons )owned common funds, which means that one in three Americans were common funds owner. Moreover, common funds are 47% of financial assets structure in American families. According to the survey, 70% funds investors spend at least 10 years buying funds, whose median age is 48 and family median capital is 125 thousand dollars.
According to the latest survey, at the end of November, 2006 the assets of the common funds management reached ten trillion two hundred and eighty-one million dollars, which was 53% of the world¨s fund market and 83% of GNP in America in 2005. In America fund industry especially common funds seem as the biggest financial institution and play a very important role in people¨s daily life. |
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