Why did the proportion of equities in long-term funds increase from 38.3 percent in 1990 to more

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Why did the proportion of equities in long-term funds increase from 38.3 percent in 1990 to more than 70 percent by 2000 and then decrease to 54 percent in 2012? How might an investor’s preference for a mutual funds objective change over time?

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Financial Institutions Management

ISBN: 9780078034800

8th Edition

Authors: Anthony Saunders, Marcia Cornett

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