Financial Times FT.com

Short View: The return of mutual funds

By John Authers, Investment editor

Published: April 20 2009 18:35 | Last updated: April 20 2009 18:35

Stocks have been rallying for six weeks. Who is buying and what have they bought?

For the first time in a decade, the marginal investor, who has the biggest impact on any day, may be a mutual fund manager, required to buy only equities and not to sell short.

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