Word: interitalia
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Dates: during 1962-1962
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...Western Europe, outdated government policies still hamper the funds' progress. In France, the government has yet to put into effect a law authorizing French open-end funds-but allows foreign-based funds to be sold. In Italy, to skirt laws against mutual fund operations, the sponsors of Interitalia, a fund specializing entirely in Italian shares, decided to incorporate in Luxembourg...
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