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Mutual Fund Activity Mirrors Market Pace In 1961 Quarter
New York report shows mutual funds ending the first 1961 quarter with a record 21.4 billion in net assets up 14 percent from 1960. Funds bought 477 million in common stock led by Ford and General Motors, while sales totaled 343 million as adverse earnings and antitrust news weighed on-electricals and insurance stocks.
MENTIONED IN THIS ARTICLE
New York
APL
Wiesenberger Investment
Wiesenberger
Ford
General Motors
Chrysler
W. R. Grace
Standard Oil
California
Texaco
Westinghouse Electric
General Electric
RCA
Bethlehem Steel
Tri-Continental