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401(k) Brokerage Accounts Increase Stock Holdings

Charles Schwab said that in the fourth quarter of 2002, participants in 401(k) self-directed brokerage accounts (SDBA) directed 77% of their investments into equities, primarily into stock mutual funds -- a marked contrast to the 95% of investments that gravitated to conservative taxable bond funds, asset-allocation funds, fixed income securities and money market funds in the third quarter.

The findings are from the company's fourth quarter 2002 SDBA Indicators report.

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