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Growth continues despite bumpy markets
Thursday 20th of July 2000
The retail managed funds industry continued on its upward growth path
in the three months ending June 30, despite volatile international equity
markets.
Net funds under management expanded by 2.7 per cent in the quarter, according to research house IPAC Securities.
Modest fund returns meant the growth was primarily from net funds flow, IPAC general manager David van Schaardenburg s...
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