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Number of Mutual Fund Launches in US Declines in 2016

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.”

~Financial Times

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

 

About Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on nearly 540,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on approximately 18.5 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets.

Visit: Morningstar

 


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