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Article: GROWTH OF MUTUAL FUNDS MAKES MARKET VOLATILE.(BUSINESS)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- September 7, 1993
CopyrightCOPYRIGHT 1993 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: LESLIE WAYNE - New York Times
As millions of Americans pour money into mutual funds at a record rate -- nearly $1 billion a day -- concerns are growing that the funds are bringing new risk to the savings of many people and instability to the markets in which they invest.
A whole generation of savers, seeking alternatives to the 2 and 3 percent returns available at banks, is now being transformed into investors.
Since the start of the current bull stock market, at the end of 1990, more than $450 billion has poured into mutual funds -- which include stock, bond and money market funds -- bringing their total assets to nearly $1.8 ...