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Wednesday, September 22, 1999 Odd Lots, September 22, 1999 Indian style From The Financial Times The mutual fund market is booming in India almost as much as Indian Pashmina Scarves and Indian body art, Mihindi are booming here in America. Last month Indian investors put $207 million into mutual funds. There have also been five new launches swelling the number of funds in the region to 305, another all-time high. Industry experts are saying that the numbers could double in the next year. Goldman Struggles From The Wall Street Journal Wall Street's golden boy -- Goldman Sachs -- is having a hard time reaching the average American consumer. In recent months, the asset-management unit of Goldman has been busy trying to expand its mutual fund offerings, as well as the list of securities brokers who will sell them. The company has taken the unusual step of guaranteeing the salaries of fund wholesalers who usually get paid based on production. Goldman is also throwing in extra perks such as providing bonus research reports to firms that do a good job hawking its funds. Funds in the Press
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