Individual investors were surprised but grateful for the Federal Reserve’s decision to cut discount interest rates by 50 basis points to 5.75% last week, and mutual funds managers were just as pleased with the decision, according to Dow Jones.

“It’s a very good sign the Fed is being proactive,” said Bev Hendry, managing director of Aberdeen Asset Management in the U.S. “But markets have been on a roller-coaster ride lately. We don’t see that necessarily going away at this point.”

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