Despite threats from hedge funds, exchange-traded funds and separately managed accounts, mutual funds continue to grow in popularity, Investors Business Daily reports.

Point in fact: Assets in mutual funds today are $11.39 trillion, nearly three-fold from $4.46 trillion in 1997.

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.