Crimson Life
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Title: Crimson Life

Essay Details:

Subject: English
Author: Glenda A
Date: April 3, 2015
Level: University
Grade: A
Length: 6 / 1783

Essay text:

Households increased their preference for indirect ownership through mutual funds over direct ownership of stocks and bonds. By the end of 1999, mutual funds accounted for 28% of household discretionary assets, up from 12% at the end of 1989. In addition, 85% of equity-owning households held a portion of their stocks in mutual funds in 1999, up from 50% in 1992 (Fabozzi, Modigliani, Jones & Ferri, 2002). From 1990 to 1999, the number of mutual funds also rose, from approximately 2,900 to 8,000. According to the Investment Company Institute, the assets invested in mutual funds have increased significantly, from $134 billion to $6,846 billion in 1999 (Reid, 2000)...

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