Business Abroad: Europe's Mushrooming Mutuals

For many a European housewife last week, the most prized present of all was a stack of engravings that owed nothing to art but everything to the Continent's newest and fastest-growing investment trend—mutual funds. Tantalized by bullish stock prices and the Common Market's bright prospects, small European investors are buying into mutual funds as never before. Where only a handful of Continental funds existed prewar, Western Europe now boasts some 200 open-end and mixed investment trusts with well over 2,000,000 shareholders and total assets of about $4 billion.

Prison for Peddlers. European...

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