In late 2011, there were almost 13,000 mutual funds, and the number continues to increase each year.

Name: In late 2011, there were almost 13,000 mutual funds, and the number continues to increase each year.
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Quizplus · Accepted Answer

According to a 2019 report by the Investment Company Institute, there were over 23,000 mutual funds in the United States alone. Therefore, the statement that there were almost 13,000 mutual funds in late 2011 is likely outdated, and the number has certainly increased in the years since then.

In Late 2011, There Were Almost 13,000 Mutual Funds, and the Number