Strong inflows and a robust stock market are driving continued growth in the mutual fund industry in 2006, Strategic Insight reported Tuesday. Assets in mutual funds in the U.S. reached $9.9 trillion at the end of January.

Of particular note, Strategic Insight pointed out that inflows to international equity funds were nearly $30 billion in January, twice the previous monthly record. Also, inflows to growth funds continued to rise, while value funds suffered net redemptions.

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