Mutual fund asset management fees grew 20 percent in 1999, down considerably from an average annual growth rate of 36 percent between 1995 and 1998, according to a study by Strategic Insight of New York.

Strategic Insight based its findings on the financial reports of 19 publicly-traded mutual fund complexes with collective assets of $1.5 trillion. These firms control more than one-fifth of total industry assets, according to Strategic Insight.

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