Fund Industry Reaching $10 Trillion in Assets
February 27, 2006
Strong inflows and a robust stock market are driving continued growth in the mutual fund industry in 2006, Strategic Insight reported last week. Assets in mutual funds in the U.S. reached $9.9 trillion at the end of January. Of particular note, Strategic Insight pointed out that inflows to international equity funds were nearly $30 billion in January, twice the previous monthly record.
Worldwide, more than $20 trillion is now invested in mutual funds, with nearly $1 trillion in net new flows in 2005.
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