It is likely that more mutual funds will be liquidated this year than ever before, according to a study by Wiesenberger, Thomson Financial of Rockville, Md., a mutual fund tracking service. The record for the number of funds liquidated in one year, set in 1998, is 222. If the pace set so far this year is sustained, over 260 funds will be liquidated in 2000, according to the study. This assumes that as has occurred in the past ten years, over fifty percent of fund liquidations will occur in the last quarter of the year, according to the study. Wiesenberger is a division of Thomson Financial, the publisher of this newsletter.
As of Sept. 30, 175 funds had been liquidated this year.