Generation X mutual fund shareholders, those aged 18 to 33, are diligently saving money at a faster rate than older investors, according to data recently collected by the Investment Company Institute. They are also more likely to participate in defined contribution plans, are better educated, and are more computer literate, according to the data.

While these younger investors may not be as numerous or as wealthy as older investors, they nonetheless hold great promise for mutual fund companies, said industry executives familiar with the ICI data.

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