With a jump of 9.7%, worldwide mutual fund assets totaled $16.06 trillion at the end of 2004 helped by the positive global performance of equity indexes, according to the data released by the Investment Company Institute.

The industry added $165 billion in the fourth quarter, up from $22 billion in the third, finishing the year on a high note. Long maturity funds were the clear winners in terms of money added, compared with modest results in money markets funds.

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