Editing Mutual fund (section)

==Market size==
At the end of 2020, open-end mutual fund assets worldwide were $63.1 [[Trillion (short scale)|trillion]].<ref name=icfactbook/> The countries with the largest mutual fund industries are:
# United States: $23.9 trillion
# Australia: $5.3 trillion
# Ireland: $3.4 trillion
# Germany: $2.5 trillion
# Luxembourg: $2.2 trillion
# France: $2.2 trillion
# Japan: $2.1 trillion
# Canada: $1.9 trillion
# United Kingdom: $1.9 trillion
# China: $1.4 trillion

At the end of 2019, 23% of household [[financial asset]]s were invested in mutual funds. Mutual funds accounted for approximately 50% of the assets in individual retirement accounts, [[401(k)]]s and other similar retirement plans.<ref name=icfactbook/>

Luxembourg and Ireland are the primary jurisdictions for the registration of [[UCITS]] funds. These funds may be sold throughout the [[European Union]] and in other countries that have adopted mutual recognition regimes.