Mutual fund-owning households' willingness to take investment risk remained at the same subdued levels seen since the 2008 financial crisis, according to an annual survey of U.S. households by the Investment Company Institute.

The study found that three in 10 mutual fund-owning households were willing to take substantial or above-average risk for financial gain in May 2013, compared with 36% in May 2008. Similarly, older investors continued to report a much lower tolerance for investment risk overall as opposed to their younger counterparts.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.