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Wealth Accounts was updated on October 8, 2024
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World Development Indicators was updated on September 19, 2024
Metadata Glossary
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Code
GFDD.DI.07
Indicator Name
Mutual fund assets to GDP (%)
Short definition
Ratio of assets of mutual funds to GDP. A mutual fund is a type of managed collective investment scheme that pools money from many investors to purchase securities.
Long definition
Data taken from a variety of sources such as Investment Company Institute and national sources. Due to differences in sources these data are not strictly comparable across countries.
Source
Nonbanking financial database, World Bank
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