Thu, Nov 18, 1999 - Page 18 News List

Fund assets pass new milestone

INVESTING Most stock funds outperformed the market's index last month, which may explain in part why investors helped lift the industry's asset size to record levels

By Stanley Chou  /  STAFF REPORTER

Domestic bond fund assets grew NT$67.07 billion, or 10.61 percent, to NT$699.14 billion. Balanced funds increased NT$0.36 billion, or 2.41 percent, to NT$15.50 billion. Foreign bond funds, on the other hand, dropped NT$7.28 million, or 0.99 percent, to NT$729 million.

The number of total mutual fund account holders increased by 20,550, or 1.62 percent, to 1.28 million, while the number of people who use the dollar-cost-averaging (定時定額) method of investing increased 5,997, or 1.36 percent, to 446,666.

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