May 27, 1993
TO: BOARD OF GOVERNORS NO. 51-93
MEMBERS - ONE PER COMPLEX NO. 41-93
INVESTMENT ADVISER ASSOCIATE MEMBERS NO. 21-93
BROKER/DEALER ASSOCIATE MEMBERS NO. 14-93
MARKETING POLICY COMMITTEE NO. 23-93
DIRECT MARKETING COMMITTEE NO. 32-93
PUBLIC INFORMATION COMMITTEE NO. 31-93
RESEARCH COMMITTEE NO. 18-93
SALES FORCE MARKETING COMMITTEE NO. 32-93
SHAREHOLDER COMMUNICATIONS COMMITTEE NO. 27-93
MEMBERS INTERESTED IN PUBLIC INFORMATION NO. 1-93
RE: 1993 Mutual Fund Fact Book
__________________________________________________________
Enclosed is your copy of the 1993 Mutual Fund Fact Book.
The Fact Book contains 1992 yearend data in a number of
categories including sales, assets, exchanges, redemptions, and
shareholder accounts. The data show industrywide totals and in
many cases are classified by investment objective and method of
sales. The Fact Book has retained its basic format of describing
economic trends and their impact on the industry over the past
year (contained in the book's first chapter) as well as
discussing the history, growth and development, and other aspects
of the industry in subsequent chapters.
This year's book also contains several new chapters. Chapter 2,
"How Mutual Funds Contribute to the U.S. Economy," explains the
impact that mutual funds have on the economy. Chapter 15, "Mutual
Funds and the Aging Affluent," explores a particular segment of
the market for mutual funds, Chapter 16, "Understanding
Shareholder Redemption Decisions," examines why shareholders
redeem, and Chapter 17, "Who Owns Mutual Funds?" provides a
portrait of the average fund shareholder.
To order additional copies of the Fact Book, you may use the
order form at the end of the book. Please contact me directly at
202/955-3533 with questions or comments.
Laurie Strollo
Senior Writer/Editor
Enclosure