Strong flows into money market funds were probably another drag on stock-fund flows.
More Quotes from Andrew Clark:
They tend to hold investment grade paper, no junk, and they more often than not tend to have a fairly heavy exposure in the Treasury market which has no risk of default.Andrew Clark
Where the money is going is into global and international diversified funds, ... It's really not the type of fund to invest in if you want diversification.
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You're entering into a world where you're paying for services. And often that will include a higher payment for managers as long as they perform well. On the no-load side, they're really trying to do everything as cheaply as they can. They have to compete on price.
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The continued rise in economic crime poses a serious threat to UK businesses . . Many companies have a false sense of security.
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Normally everything doesn't go into the dumpster at the same time.
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