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Cancellation of MMFs hits record high in Nov.

Publication: Japan Weekly Monitor
Publication Date: 17-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 13 Kyodo

The amount of money management funds (MMF) canceled in November totaled 5,951.7 billion yen, a record monthly high, reflecting confusion resulting from some funds' exposure to bonds issued by failed U.S. energy giant Enron Corp., the Investment Trust Association of Japan said Thursday.

Net assets...

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