How the mutual fund manager runs $75 bn worth of funds for its clients
The institutionalisation of retail investors through mutual funds is drawing increasing attention from equity issuers. With mutual fund assets in stocks, bonds and money market instruments zooming towards the $3 trillion mark, jumping almost $100 bn in the blockbuster month of November 1995 alone, this trend cannot be ignored. Funds of every description and proportion are lying in wait for global issuers, from the $54 bn Fidelity Magellan Fund to Morgan Grenfell's $10 mn US Micro Cap Fund.
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