Building the American Middle Class for 100 Years

The first mutual fund was created in the United States in 1924. One hundred years later, mutual funds and other investment products continue to play a major role in our country's economic success and a strong American middle class. They've made long-term investing possible for everyone, not just the wealthy.

More than 120 million Americans rely on investment funds to save for things like education, buying a home, or retirement. Now, thanks to these funds being affordable and easy to access, having a retirement nest egg has become a reality for the majority of Americans. And because investment funds give direct access to global capital markets, they provide diverse investment options both domestically and globally, making it easier for all Americans to invest toward their long-term financial goals.

What’s more, the costs of these funds have gone down significantly over time, making them affordable for more people. Between 1996 and 2022, the average expense ratios for mutual funds and exchange-traded funds dropped by more than half. This means that Americans get to keep more of the money they earn from their investments. Given these positive trends, it’s no surprise that ownership of mutual funds has nearly doubled in less than 30 years.

In reflecting on the impact of mutual funds and investment products over the past century, their evolution has not only made long-term financial growth accessible to all but paved the way for a more robust economy.

Building on Success for the Next 100 Years

Secure Financial Future prioritizes investor choice, affordability, and ensuring a secure retirement. As we mark the 100th anniversary of the mutual fund, we not only celebrate this milestone but also reaffirm our commitment to these core values. We’re focused on helping more Americans reach their financial goals. 

That’s why Secure Financial Future is giving a voice to investors like you. We’re leading the charge to defend your investments from bad ideas coming out of Washington while supporting policies that enable you to invest confidently toward your goals.

Join our action network as we seek to empower investors in their quest for a Secure Financial Future.

By supporting thoughtful regulation through advocacy, education, and expanding access to a broader audience, we can build on this legacy and pave the way for another American century of financial empowerment and opportunity for all.