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BRIEFLY

December 02, 1987

Assets in mutual funds, including money-market funds, fell in October by $53.2 billion, or 6.4%, to $774.1 billion, due largely to the stock market crash, the Investment Company Institute reported. However, the net outflow due to investor withdrawals totaled only $4.5 billion, showing that the bulk of the drop came from declining stock prices, the institute reported. For stock funds alone, withdrawals exceeded sales by $1 billion in October. By contrast, sales exceeded withdrawals by $2.5 billion in September and $2.1 billion in October, 1986.

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