Facts, facts, facts. Journalists love them. And every May, the mutual fund industry obliges with a new ‘Fact Book’ from the Investment Company Institute, the industry’s trade group.

The 47th ‘Fact Book’ edition, out last week, is full of data on the soaring growth of this industry — $10.4 trillion in fund assets at the end of 2006, up from $4.5 trillion a decade earlier.

But two sets of data stand out.

First, most individual investors — 73 percent — turn to brokers or financial advisers for help with choosing funds. Read more

Original post by Times Leader