From the end of September 2000 to the end of March 2001, total global fund assets fell over $1 trillion, or 9.4%, to $11.01 trillion, according results released today from the Investment Company Institute’s International Mutual Funds Survey, First Quarter 2001.

Over half of that decline was from U.S. funds, according to the ICI. Excluding those, total world assets fell nearly $500,000 or roughly 10% in the last two quarters. Of the 38 countries where data was available only four, the Czech Republic, Hungary, Mexico, and the Philippines, saw assets increase.

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