WASHINGTON - The $12 trillion mutual fund industry will hit record sales of 20% or greater in 2010, driven by continued demand for bonds, alternative investments and international equities, Strategic Insight projects.
"The record flows are remarkable, as they come just a year after the world almost ended," said Director of Research, EVP Avi Nachmany, at a SI presentation ahead of the Investment Company Institute's General Membership Meeting here, where 1,500 executives gathered.
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