Responding to a protracted bear market, fund complexes registered 34% fewer new mutual funds with the Securities and Exchange Commission this year than during the year-ago period, according to data provided by New York researcher Strategic Insight.

Through July 18, firms filed applications for 323 new funds, compared to 489 filings during the same period in 2001, the data shows. The data does not include the issuance of new share classes, and Strategic Insight cautioned that some of the funds, although filed, may not have been launched.

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