An Uneasy Rebound for Fund Companies

To a great extent, all actively managed equity mutual funds have benefited from the stock market rally over the past three months. Fund inflows have rebounded dramatically and stock prices of the asset management companies themselves have roughly doubled since Mar. 9. But enthusiasm toward stocks has cooled in the past two weeks as the markets more carefully weigh the considerable obstacles that the U.S. economy needs to surmount before it can return to health.

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