4 - University of Scranton

Also, the mutual fund industry in Europe was growing rapidly since 1975. At the end of 1999 there were more than 6,000 mutual funds (and over 4,500 equity mutual funds) available to the public. The average annual growth was in excess of 20% between 1975 and 1999, with almost $4 trillion of assets under management in the funds at the end of 1997. ................
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