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FRC: Investors Diversify Away From United States

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NU Online News Service, Dec. 28, 2004, 2:42 p.m. EST

International and global mutual funds flourished in November.[@@]

U.S. funds that invest assets outside the United States attracted $11 billion more cash than they lost that month, up from a net inflow of $5.5 billion in November 2003, according to Financial Research Corp., Boston.

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All U.S. stock and bond mutual funds combined for estimated net inflows of about $19 billion in November, up 2% from the total for November 2003, FRC says.

Net inflow at domestic equity funds fell to $13 billion, from $17 billion.