Mutual funds reassess future as growth slows
The mutual fund industry, with about 57 billion dollars in assets across 11 million accounts in 400 funds, faces a plateau. Redemptions exceed 10 percent, while purchases stay above 5 billion annually. Fund managers debate new strategies, emphasizing advice for middle income investors and a broader role for fund management firms as future providers of varied investment products.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Rogers
Shaw Couple Buy Corner Lot on Mountain Road
Mr and Mrs James Shaw of 415 Main St Biddeford purchased a three fourths acre corner lot on Mountain Road Arundel from Mr and Mrs Ralph Dubuc of 633 Elm St Biddeford. Sale arranged through Ed Morin Real Estate 62 Alfred St Biddeford. The African elephant has the largest ears of any mammal. A large male elephant may have ears three feet wide.
MENTIONED IN THIS ARTICLE
Mountain Road
Arundel
James Shaw
Main St
Biddeford
Ralph Dubuc
Elm St
Ed Morin
Alfred St
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