Source: Wealth Management
Some of the data points in the article are stunning:
-First mutual fund: MFS Investment Management in 1924.
-Assets in U.S. mutual funds: 1989: $135 billion. 2000: $7.5 trillion
-Mutual fund loads (1990s): 8.5% to 5%
-Advisors who say they plan to increase usage of funds: ETFs = 45%; Mutual funds =19%
My boy @DaveNadig is all over it, and the entire piece is worth reading.
The Slow Demise of Mutual Funds
Wealth Management, Dec 10, 2019