Market Returns and Mutual Fund Flows

  title={Market Returns and Mutual Fund Flows},
  author={Eli M. Remolona and Paul Kleiman and Debbie Gruenstein},
  • Eli M. Remolona, Paul Kleiman, Debbie Gruenstein
  • Published 1997
he 1990s have seen unprecedented growth in mutual funds. Shares in the funds now represent a major part of household wealth, and the funds themselves have become important intermediaries for savings and investments. In the United States, more than 4,000 mutual funds currently hold stocks and bonds worth a total of more than $2 trillion (Chart 1). Household investment in these funds increased more than fivefold in the last ten years, making it the fastest growing item on the household financial… CONTINUE READING
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