Separate accounts gain as funds falter
Wrap accounts are booming even as mutual fund asset growth slows. Assets in such accounts grew at a…
Wrap accounts are booming even as mutual fund asset growth slows.
Assets in such accounts grew at a 25% compound annual rate over the past five years, and grew by 16% in 2000 despite a down market, new research by Cerulli Associates Inc. of Boston shows. Mutual fund assets dropped 2% last year.
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