Outflows hit record highs

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The total outflow from US mutual funds in March this year was the largest since the 1987 stockmarket...

The total outflow from US mutual funds in March this year was the largest since the 1987 stockmarket crash, according to the latest Investment Company Institute (ICI) data. The outflow from equity funds was the greatest on record, as was the outflow from aggressive growth new economy funds. In March, mutual fund inflows stood at $10bn, which compares with more than $30bn in the first quarter of 2000. Net inflows into new economy funds fell by around £5bn in March, which compares to the $45bn that went into them at their height in January 2000. In contrast, the net inflow into govern...

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