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Sticking to stocks even during a market downturn

This approach may be a stabilising force when stock prices fall

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Some funds maintain their stock holdings because they know that their shareholders expect them to maintain full exposure to, say, small-cap growth or large-cap value stocks.

New York

CALL it confidence, or an unwillingness to try to time the market, or even complacency. But whatever the reason, some mutual fund managers with the best performances over the last five to 10 years say they are disinclined to sell their stock holdings - even if the overall market

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