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Mutual Funds Rally On Kennedy Bull Market Gains
Mutual funds rally in early 1961 as the Kennedy bull market drives assets from about 15 billion to over 18 billion dollars. January sales added roughly 140 million to growth, with much of the rise tied to institutional buying and lower cash reserves among major funds.
MENTIONED IN THIS ARTICLE
Kennedy
National Association of Investment Companies
United States Investors Magazine
Walter H. Diamond
Diamond
Democratic
Capitol Hill
Wall Street
Mr. Diamond
Emerson W. Axe
Axe-Houghton Stock Fund
Fidelity Fund
Edward C. Johnson
Common Stock
Johnson