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What role do retirement account investments play in the mutual fund industry?

April 26, 2017account Industry investments mutual fund play retirement

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What role do retirement account investments play in the mutual fund industry?

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Mutual fund assets held in retirement accounts (defined contribution plan accounts and IRAs) stood at $3.1 trillion at the end of 2008, or 33 percent of overall mutual fund assets. Fund assets in 401(k) plans stood at $1.1 trillion, or 11 percent of total mutual fund assets at year-end 2008.