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Scandal fails to stem mutual fund surge
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| Contributor | Tony82 |
| Last Edited | Tony82 Feb 05, 2004 09:19pm |
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| Category | News |
| News Date | Thursday, February 5, 2004 06:00:00 AM UTC0:0 |
| Description | Net inflows to US mutual funds rose to almost $300bn in 2003, the highest for seven years, as investors flocked back following the stock market recovery.
Despite the widening scandal over mutual fund trading abuses, the surge in new money continued in January with an estimated $40bn flowing into equity and balanced funds, according to fund researcher Strategic Insight. |
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