Redemptions Increase And while sales have slowed, more investors are redeeming their fund shares.

At least some of these companies do not allow investors to redeem their investment in actual silver.

Open-end funds allow investors to buy back, or redeem, their shares any time.

The investor redeems this debt at the developing country's treasury for local currency.

As investors redeem, funds may be forced to sell to meet those redemptions.

The year after the October 1987 crash, investors redeemed more shares than they bought.

This is because when an investor redeems mutual fund shares, the fund usually pays immediately.

The financing also included $200 million of variable-rate notes divided between 1997 and 1998 maturities, which investors may put, or redeem daily.

The next year, investors redeemed an additional $72 million, or 20 percent.

Only July, when investors redeemed $938 million of funds at Schwab, was worse.