... funds, and unit investment trusts. In addition to the annual Investment Company Fact Book, ICI published 20 research and policy reports in 2010, examining the industry, its shareholders, and industry ... fund investing following the passage of the Investment Company Act of 1940. But successive bear markets in stocks in the 1970s along with rising interest rates drew investors into a growing ... funds. In 2009, we dedicated a separate chapter to ETFs, reflecting both their rapid asset growth and their increasing diversity as they expand to include actively managed funds and funds investing...