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Sales of stock-and-bond and income mutual funds eased to $27.8 billion in February from $32.6 billion in January, according to the Investment Company Institute. ”Even though sales of equity and bond-fund shares fell slightly from the record-setting levels of January, long-term funds registered the highest net inflows in nearly five years,” said Jacob Dreyer, vice president and chief economist at the institute. Mutual funds` assets reached a record $1.438 trillion in February, compared with $1.412 trillion in January.
