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Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jan 20, 1963
Page
5
A summary of stocks traded on the New York Stock Exchange for the week shows varied prices and notable activity across key issues. The report lists numerous company names with closing figures, prompting attention to movements in textiles, metals, and transportation sectors.
A 1962 survey shows the rising number of fiduciary and institutional accounts in US mutual funds. Fiduciaries banks and trustees lead, with 261,353 accounts in 1962, up from 239,603 in 1961 and 189,791 in 1960, while business corporations and pension funds total 174,062 in 1962.
Mutual funds, once seen as for ordinary investors, are increasingly drawing institutional, business, and fiduciary buyers. IC I data show in 84 funds there were 239,046 such accounts with total value 1.599 million dollars and average size 5,147 as of Sept 30, with prior year figures and context illustrating market-driven shifts in account sizes.
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