Mutual fund firms have cut add spending by 58 percent to $90.1 million through August, according to New York City-based Competitrack. At the same point in 2001 the industry had spent $215 million.

Who is Spending Changes
Rank	2002	2001
1.	Franklin Templeton Investments	Janus
2.	Vanguard Group	Fidelity
3.	Oppenheimer Funds	Franklin Templeton
4.	T. Rowe Price	Charles Schwab
5.	American Century	Oppenheimer Funds
6.	The Nasdaq	American Century
7.	Fidelity Investments	Invesco Funds Group
Source: Competitrack

 

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