Sat 21 Jan 2020
Mutual Fund Sales Hit 9-Year Low: Q3 2005
by John Schroy filed under Fund Shares, Fund Managers
Federal Reserve Flow of Funds Accounts show that, at an annual rate, mutual fund net sales in Q3 2005 dropped to a nine year low. We must to go back to 1994 to find similar low levels of mutual fund sales.
In Q3 2005, government economists reported that Americans were spending more than they earned, "dissaving" at an annual rate of $132.9 billion (NIPA income statistics).
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