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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Wally Mastroly who wrote (11797)2/9/2000 9:13:00 AM
From: Wally Mastroly  Read Replies (2) of 15132
 
Dull money funds attract investors:

usatoday.com

Sizzling stock mutual funds have been getting all the attention, but mundane money market funds have been getting the most money. Investors put $194 billion more into money funds than they took out in 1999 vs. $187 billion for stock funds, says the Investment Company Institute, the funds' trade group. A one-year wonder? Hardly. Investors flooded money funds with $235 billion in 1998 vs. $157 billion for stock funds.

Stock funds still have a lot more assets: $4.1 trillion vs. $1.6 trillion for money funds, according to ICI. But money funds are the second-most popular type of fund.

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Why invest in a money fund?

usatoday.com
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