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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (8394)8/3/2000 11:56:30 AM
From: Joan Osland Graffius  Read Replies (2) of 436258
 
heinz, >>that includes the relentless flood of money into mutual funds...there's no fear. of course the flood of paper is even bigger....

An insurance company CEO was on CNBS this morning and said they have had negative flows in their mutual funds for the last quarter or two. He said they are experiencing this because of redemption's. Mark H. took a queue and said "what" and the CEO said the whole mutual fund industry has experienced this.

Joan
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