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Mutual funds hit new asset high in first quarter
New York UPIsay total net assets of U.S. mutual funds rose to 214 billion in Q1 1961, up 14 percent from 1960. Market gains added 2.2 billion, while 28 big funds bought 477 million in common stock, 80 percent above the prior quarter. Ford led purchases at 15.2 million as auto shares drove activity.
MENTIONED IN THIS ARTICLE
New York
UPI
Anillal Fund
Wiesenberger Investment
Wiesenberger Investgent
Wiesenberger
Ford
General Motors
Chrysler
W. R. Grace
Standard Os
California
Texaco
Westinghouse Electric
General Electric
RCA
Bethlehem Steel
Tri-Continental