BANKING & FINANCE - Jan. 23, 1992
From Times Staff and Wire Reports
Mutual Fund Assets at Record High: Assets in open-end funds hit a record $1.35 trillion at the end of 1991, with fourth-quarter growth of $92 billion. Lipper Analytical Securities Corp. said assets in open-end stock and bond mutual funds last year rose by $292.2 billion, or 27.6%. The equity fund group recorded the sharpest asset gain in the quarter, rising $38.76 billion.
