![]() ![]() Over the same period, the total net assets of these funds has more than doubled. SRI (Socially Responsible Investment) funds, for example, only invest in companies engaging in socially- or environment-friendly activities. Some investment funds also take other factors into consideration. These different fund types appeal differently to investors, depending on the economic climate. Depending on the investment fund strategy, defined in fund prospectus, mutual funds can invest money in different asset classes. Mutual funds are financial vehicles pulling investors’ money to buy a diversified portfolio of financial instruments. This is a reasonable decline from the previous year, and reverses the upward trend of the preceding decade, most likely due to the economic effects of the global coronavirus (COVID-19) pandemic. In 2021, there were 7,481 mutual funds in the United States.
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