Equity Fund Outflows -$3.9 Bil; Taxable Bond Fund Inflows $515 Mil
# xETFs - Equity Fund Outflows -$388 Mil; Taxable Bond Fund Inflows $254 MilIncluding ETF activity, Equity funds report net cash outflows totaling -$3.860 billion in the week ended 5/17/06 with Non-domestic funds reporting net inflows totaling $1.114 billion and Domestic funds reporting net outflows totaling -$4.973 billion;
# Excluding ETF activity, Equity funds report net cash outflows totaling -$388 million with Non-domestic funds reporting net inflows totaling $694 million and Domestic funds reporting net outflows totaling -$1.083 billion;
# Exchange Traded Funds report net outflows totaling -$3.471 billion with most coming from Growth/Value-Small Cap funds (-$3.130 Bil);
# Excluding ETF activity, International funds report net inflows totaling $566 million with inflows reported by Emerging Market funds and Asia Pacific funds, although net outflows are reported by funds investing in Europe, Japan, and Latin America securities;
# Excluding ETFs, Growth/Value-Small Cap funds report the first net cash outflow (-$100 Mil) since 1/18/06;
# Excluding ETFs, Energy funds report the largest net outflows (-$65 Mil) since 2/15/06;
# Excluding ETFs, more Healthcare/Biotech funds report net outflows (111) than any week since 8/11/04;
# Excluding ETFs, Technology funds report the largest net outflows (-$176 Mil) since 2/15/06 and more funds reporting net outflows (199) since 4/20/05;
# Largest ETF inflows:
$488 Mil to the NASDAQ 100 Index Tracking Stock fund;
$159 Mil to the iShares MSCI EAFE Index fund;
# Largest ETF outflows:
-$2.893 Bil from the iShares Russell 2000 Index fund;
-$403 Mil from the Select Sector SPDRs Financial fund;
-$341 Mil from the MidCap SPDR fund;
# Excluding ETF activity, Taxable Bond funds report net cash inflows totaling $254 million with most going to Flexible funds ($380 Mil) and International & Global Debt funds ($179 Mil);
# Excluding ETFs, largest Taxable Bond fund outflows are reported by High Yield Corporate Bond funds (-$135 Mil) and Government Bond funds investing in Mortgage-backed securities (-$224 Mil);
# Money Market funds report net cash inflows totaling $12.613 billion;
# Municipal Bond funds report net cash inflows of $24 million.
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