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1,336 Mutual Funds Shut in 2009

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"The mutual fund universe continues to get smaller," USA Today reports. "All told, 1,336 mutual funds — counting each share class separately — were liquidated last year, says fund-tracker Lipper. Counting each individual portfolio, about 425 funds died last year. In 2008, fund managers liquidated 826 funds, or 145 individual portfolios."
SOURCE:   USA Today

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