Investors ruch to mutual funds
Article Abstract:
A record $40 billion went into stock funds in Jan 2000, according to the Investment Company Institute, the funds' trade group. The Jan 2000 figures, which follow a strong $27 billion in Dec 1999, broke the previous record of $28.5 billion in Jan 1997. Moreover, at Charles Schwab, US biggest discount broker, investors also poured a record $3.1 billion into stock funds in Feb 2000.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Investors pour money into S&P 500 index funds
Article Abstract:
Mutual funds that imitate the Standard & Poor's 500-stock index continue to be popular with investors, according to Lipper. S&P 500 index-like funds received $4.4 billion in new money in Feb 1999, compared to only $758 million for other types of fund. S&P 500 funds are popular because they have been delivering higher returns than other funds over the past five years: an average 202% return versus 145% for the average growth fund and 137% for growth-and-index funds.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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