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Article: International Funds Losing Their Luster
- Article from:
- Chicago Sun-Times
- Article date:
- March 3, 1995
- Author:
CopyrightCopyright 1995 Chicago Sun-Times. (Hide copyright information)
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Shaken by a frightening series of political and economic
disasters, some Americans are having second thoughts about
international stock investing, the hot "new" Wall Street concept of
1993 and 1994.
The mutual fund industry's chief trade group reported Monday
that international funds experienced a $38 million net outflow in
January, the first time in four years that shareholders redeemed more
shares than they bought.
While tiny relative to the $96 billion in assets held by
international funds, the January outflow nonetheless was a sharp
reversal of the trend of 1993 and 1994, when investors poured an
unprecedented $26.3 billion and $27.2 billion in net new money into
international ...