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Flows into OEICs slow
Thursday 7th of February 2002
Funds flow into tax-effective United Kingdom-based Open Ended Investment Companies (OEICs) fell off sharply in the December quarter, according to the latest Good Returns' survey of offshore funds.
Funds flow fell 38% from $26.2 million in the previous quarter to $16 million. This was the opposite of what happened with New Zealand based funds.
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