Number of Mutual Fund Launches in US Declines in 2016
The number of mutual fund launches in US has declined dramatically in 2016, indicating the shift by investors into exchange traded funds and its low confidence level in active management. The number of mutual funds shutting down has also increased to levels not seen since the financial crisis, according to latest figures from Morningstar.
“The number of mutual funds shutting down has also increased to levels not seen since the financial crisis, according to latest figures from Morningstar.”
At the start of the year, Morningstar recorded there were 8190 funds. As of end of November, there will only be 8061 funds left. The industry has only shrunk after large stock market sell offs, but the decline in mutual funds has occured even after investors managed to reap returns from the stocks and bonds.
Related Reports: Financial Times
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