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Article: internally managed assets.(defined contribution assets invested in mutual funds)
- Article from:
- Pensions & Investments
- Article date:
- July 26, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. 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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The skyrocketing growth of mutual funds as the preferred
investment vehicle for defined contribution assets appears to
have slowed, according to Pensions & Investments' directory of
defined contribution money managers.
At year-end 1998, assets invested in mutual funds were up just
16% -- to $640.4 billion from $554.2 billion -- from the year
before. By comparison, the previous year's survey showed the