Although assets held in retirement accounts declined 4% last year, the net flow of $140 billion to mutual funds through retirement accounts in 2001 was up 18% from 2000, the Investment Company Institute reported.

The decline in assets occurred entirely in the equity fund category. However, net flows were positive in each of the fund categories. Overall, the net flows equaled about 25% of all net flows into mutual funds in 2001, the ICI said.

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