Word: investas
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Even the Undergraduate Council failed to investa clear mandate in their ROTC proposal. Lacking asharp, refined debate, the council voted to sendthree different reports to the Faculty torepresent a spectrum of student opinion...
...surprisingly, prosperous West Germany is today one of Europe's biggest hotbeds of mutual funds. In 1956 the Deutsche Bank, under its imaginative chief, Hermann Abs (TIME, Dec. 15), established the Investa Mutual Fund, whose holdings have soared from $58 million to $161 million. Next largest German mutual fund is Concentra, which is sponsored by Frankfurt's Dresdner Bank, has $124 million in assets and hooks customers with a clever come-on: "For $25 become a stockholder in 30 first-rank companies...
...imaginative drive, Deutsche Bank has expanded its services to small depositors, and even opened up a personal loan department-a field that European banks long considered beneath their dignity. To bring more West Germans into the securities market, Abs set up in 1956 a mutual fund, Investa, whose holdings are now worth $166 million. Last year, to encourage investment in foreign enterprises, he established two more mutual funds composed entirely of shares in non-German companies. But Abs's chief interest still lies in financing German industry, and over half of the bank's loans go to industrial...
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