US mutual fund net redemptions for July reached $49bn, beating the previous monthly record of $30bn ...
US mutual fund net redemptions for July reached $49bn, beating the previous monthly record of $30bn in September 2001, according to research by Lipper. The group believes this signals the fact US investors have reached what it termed 'emotional breaking point' and probably represents a significant bottom to the market. The July redemption figure represents 1.6% of mutual fund assets.
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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