5-65 The largest asset category of mutual funds as of 2009 was

Question

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According to the Investment Company Institute's 2009 Fact Book, corporate equities were the largest asset category of mutual funds at the end of 2008, accounting for 50.9% of total net assets. The next largest categories were bonds, including both corporate and foreign bonds, at 22.5%, and cash investments, including U.S. government securities and money market instruments, at 16.6%. Municipal securities made up only 6.7% of mutual fund assets.

5-65 the Largest Asset Category of Mutual Funds as of 2009