February could set new mutual fund record

The U.S. mutual fund industry is set to surpass $15 trillion in assets in February.

By Paula Aven Gladych | February 20, 2013 at 09:16 AM

The U.S. mutual fund industry is set to surpass $15 trillion in assets in February.

According to Strategic Insight, a mutual fund industry research and business intelligence provider, this milestone will be achieved by continued stock market appreciation and renewed investor demand for stock and bond funds.

The industry reached $10 trillion in assets under management in 2006.

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