11.   By their nature, open-end mutual funds are vulnerable to liquidity problems because shares can be redeemed on demand.

12.   Despite the positive returns of muni bond funds, more investors are redeeming shares than buying new ones.

13.   Experts say long-term fund investors are less likely to redeem fund shares than panicky depositors are to yank cash from bank accounts.

14.   Fidelity Investments said investors redeemed shares of its specialized technology funds such as the Select Electronics and Select Computer funds.

15.   Funds now have so little cash that if investors suddenly decide to redeem shares, companies would be forced to sell stocks to pay them off, analysts said.

16.   If mutual funds have to redeem shares in order to cope with the previously mentioned, it could exacerbate the problem and accelerate the downturn.

17.   If many redeem their fund shares, the new fund manager may have to sell securities to raise the money to pay those who are exiting.

18.   In spite of the recent plunge in share prices, few people are rushing to redeem their shares in funds, investors and fund managers said.

19.   Investors can also buy and redeem shares from their linked bank accounts.

20.   Investors redeemed more shares of municipal bond funds in October than they purchased for the seventh month this year, the ICI said.