TAILIEUCHUNG - Fundamentals: Investment Company Institute Research In Brief - July 2000

Ondjiva, an Angolan town on the border with Namibia, often goes for years without significant rainfall. When it does rain, floods sweep across the flat ground leaving little stored for future use. Those who can afford to do so buy their water from tankers, spending on average one third of their monthly income. Others buy from men like Antonio - his barrel weighs nearly ¼ tonne, and it will have taken him much of the day to roll it into town, earning him around 20 pence. Many people can afford neither; meaning girls and women must spend time. | Fundamentals Investment Company Institute Research In Brief Vol. 9 No. 3 July 2000 1401 H Street NW Suite 1200 Washington DC 20005 202 326-5800 Copyright 2000 by the Investment Company Institute Mutual Fund Shareholders Use of the Internet 71 uutual fund investors have increased their use of the Internet over the past three years according to an April 2000 Institute survey. The study finds that 68 percent of . households owning mutual funds used the Internet between April 1999 and March 2000 Figure 1 .1 In a 1998 Institute study 62 percent of households owning funds indicated they had used the Internet use was highest in fund households headed by individuals under age 35 and lowest figure 1 Mutual Fund Shareholders Use of the Internet 1998 and 2000 percent of . households owning mutual funds Use the Internet B Do not use the Internet 62 68 38 32 Number of respondents 19981 20002 1 470 999 figure footnotes 1 At the time of the survey. May include shareholders using the Internet only to send or receive e-mail. 2 In the 12 months preceding the survey April 1999 through March 2000 . Excludes shareholders using the Internet only to send or receive e-mail. 1 The April 2000 survey includes 1 001 interviews with . household owners of mutual funds including variable annuities. Interviews were conducted with the primary or co-financial decisionmaker most knowledgeable about the household s savings and investments. Sending or receiving e-mail over the Internet did not constitute Internet usage. 2 The 1998 survey includes 1 470 interviews with . household owners of mutual funds including variable annuities. Interviews were conducted with the primary or co-financial decisionmaker most knowledgeable about the household s savings and investments. Sending or receiving e-mail over the Internet was considered Internet usage. 0 INVESTMENT COMPANY institute figure 2 Mutual Fund Shareholders Use of the Internet by Age 20001 2 percent of . .

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