New ICI Brochure Examines Basic Facts About Mutual Funds and Shareholders

Washington, DC, June 11, 2001 - As part of its continuing investor awareness program, the Investment Company Institute has published the latest in a series of investor awareness brochures, Facts About Funds: A Guide to Investment Company Institute Research About Mutual Funds & Mutual Fund Shareholders.

Facts About Funds offers an overview of current Institute research to examine six basic facts about mutual funds and mutual fund shareholders. The facts about mutual funds include:

• Mutual fund shareholders do not "drive" the stock market.
• Most mutual fund shareholders buy funds through intermediaries.
• Most mutual fund shareholders trade infrequently.
• Mutual fund shareholders remain calm in volatile markets.
• Total mutual fund shareholder costs are decreasing.
• Mutual funds clearly disclose all fees.

Since the early 1940s, the Institute has collected statistics on a variety of industry topics. Today, the Institute is an authoritative source for statistical data on the mutual fund industry. Institute research examines shareholder demographics, economic and business developments, the retirement plans market, and other important topics affecting mutual funds and mutual fund shareholders.

The publication will be widely distributed to the public through libraries, at investor events, and through other organizations. A print copy of the guide is available by writing the ICI Investor Awareness Campaign, P.O. Box 27849, Washington, DC 20038-7850.