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Mutual Funds

A Fondness for Mutual Funds

Tuesday, March 11, 2003

For the past year the mutual funds industry has grown by leaps and bounds.

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Launched just seven years ago in 1996, mutual funds did not find favor in Indonesia until 2002 when popularity began to sharply grow. Tony, an employee at a foreign oil company, last year began to invest in mutual funds. Slowly but surely, he transferred his money into mutual funds in anticipation of declining deposit interest rates, a safe investment option offering higher profits and tax exemptions.

A further advantage offered by mutual f

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