Sunday January 25, 4:04 pm Eastern Time
U.S. stock funds get $1.1 bln in two days - survey
NEW YORK, Jan 25 (Reuters) - U.S. equity funds took in an estimated $1.1
billion in two business days ended January 22, a monthly rate of $11.3
billion, according to mutual fund tracking service Mutual Fund Trim
Tabs.
This compares with an estimated inflow of $1.95 billion in the prior two
days ended January 20, Trim Tabs said.
Growth and income funds took in estimated $1.24 bln in the two-day
period, after getting $628 million in the previous two-day period, it
said.
Growth funds posted an inflow of $108 million, down from an inflow of
$568 million in the previous period, it said.
Aggressive funds lost an esimated $353 million, after an inflow of $674
million in the preivous two days, it said.
Redemptions from international equity funds were $1.6 billion, more than
double the redemptions of $613 million in the previous period, it said.
The latest redemptions were the highest since a $2.9 billion outflow in
the period ending December 11, it said.
Technology funds had $74 million in redemptions in the latest
two-day-period, compared with an inflow of $41 million in the previous
period, it said.
Gold funds had outflows of $12 million for the latest period, compared
with an inflow of $38 million in the previous two days, it said.
Pacific funds, excluding Japan, international emerging funds and
worldwide funds registered outflows of $11 million, $1.0 million and $59
million, respectively, for the latest two days, posting the second
consecutive two-day losing streak since January 15, when all three
posted inflows, it said.
All equity funds, including international funds, had outflows of $573
million, compared with inflows of $1.34 billion in the previous two-day
period, it said.
Bond and income funds had outflows of $417 million, after a prior-period
inflow of $80 million, it said.
Municipal bond funds lost an estimated $1.05 billion, compared with an
outflow of $308 million in the previous period, it said.
Looks like $ flow slowing. With the high drama of a real white house scandal creating major political uncertainity and possible economic concerns and financial fears, not to mention the big national superbowl hangover on monday, what does everyone think the market reaction might be? Business as usual, 5-20% market correction, market ralley? If there is a pullback won't the stocks with the over inflated valuations and weak fundementals get really hammered? Except of course mu which may break even in 98 if things go very well and they may even make a few cents if things go perfect like everyone else stops producing as they all said they will and prices go way up which of course may happen. At $32 and a 200+ foward PE what a great investment opportunity, just ask abbey, wink wink. RR |
