Lower capacity concerns and the search for new assets prompted shops to reopen at least 35 mutual funds to investors during the year ended Sept. 30, data shows. The number is nearly double the 17 that reopened during the same period a year earlier, according to Morningstar Direct data compiled by FUSE Research Network. ”The funds might be reopening to rebuild their asset base, but they also likely have more investment opportunities available and more capacity because of the decrease in asset valuations,” said Sam Campbell, a partner at FUSE.
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Article published on November 29, 2022