WASHINGTON--Across the board, executives from leading mutual fund companies reported during the Investment Company Institute's General Membership Meeting that investors have held steady during market turbulence, with only 1% to 3% redeeming equity fund shares in the face of huge market drops.

American Funds surveyed its advisers and found that a mere 1% of their clients “left the marketsforever” in March. At LPL Financial, 1% to 2% “got out in March,” said Mark Casady, chairman and CEO. “Most are staying the course because of the market rebound. It’s all about being there to be a great coach for your clients. You cannot overstate the value of advice.”

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