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Funds industry worth $4.2trn
25 February 2010
The mutual fund industry gathered $4.2 trillion in net cash flows worldwide in the second half of the decade
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mutual funds
Strategic Insight
The mutual fund industry gathered $4.2 trillion in net cash flows worldwide in the second half of the decade, seemingly leaving the industry largely untarnished by the global fund crisis, according to Strategic Insight (SI), a provider of business intelligence to the fund industry.
“Equity and mixed funds led the way with $1.7 trillion in cash contributions, followed by almost $900 billion to fixed-income funds, mostly from the US, but with meaningful contributions from Asia”, commented Daniel Enskat, senior managing director and head of global consulting at SI. In 2009, investors withdrew $650 billion from money market funds, but in turn contributed almost $900 billion globally to long-term funds across asset classes.
“The data and our primary research with distributors points to a...
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