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Why did the proportion of equities in long-term mutual

Question: Why did the proportion of equities in long-term mutual funds increase from 38.3 percent in 1990 to 70.0 percent in 2007 and decrease back to 55.5 percent in 2008? How might an investor's preference for a mutual fund's objective change over time?

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Finance Basics: Why did the proportion of equities in long-term mutual

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