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No need to stress test mutual fund sector: BlackRock
Published Mon, Feb 15, 2016 · 09:50 PM
London
BLACKROCK, the world's biggest asset manager, says there is no need for a stress test of whether the mutual fund industry could repay a large number of panicking investors in the event of a fresh financial crisis.
Reduced market liquidity has spurred talk of conducting a test similar to those undertaken on the banking system.
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