Mutual fund investors are primarily interested in fees, historical performance and risk when purchasing funds, according to a survey by the Investment Company Institute. The study, says Sandy West, ICI’s director of market policy research, confirms what the Institute had long suspected: that investors largely ignore all the fund information they receive and rely in professional financial advice in making decisions. According to the survey, 74% said fees were the most important factor in helping make a decision, followed by performance (69%), risk (61%), performance relative to risk (55%) and sales charge (52%). Only 25% of respondents say they review information about a fund’s portfolio manager, and 90% prefer summarized mutual fund information.