Today the mutual fund market has in excess of $ billion under management with resources invested in equities, debt and real property or hybrids of these, as well as money market instruments.] The growing importance of mutual funds as a savings vehicle is highlighted when compared with what is happening in the commercial banks.
1  Carmen M. Reinhart and Kenneth S. Rogoff, Recovery from the crisis: evidence from 100 episodes, American Economic Review Papers and Proceedings, May 2014.