Mutual fund purchases outnumbered redemptions last year by a margin of two to one among fund investors who made transactions, according to a recent report release by the Investment Company Institute. The statistics are part of the Institute’s 2004 Profile of Mutual Fund Shareholders, a survey covering three years that aims to study mutual fund owners’ goals, objectives, risk profiles and views on investing.

The study also found that the average American mutual fund shareholder is middle-aged and also in the middle-income bracket and uses mutual funds as a buy-and-hold tool to help them reach retirement goals. The median age of mutual fund owners is 48, and the median income was just shy of $69,000. Nearly three-quarters, or 71%, are married and 56% have at least a college degree. Only 21% are retired from their primary occupation, however.

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