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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (20118)6/12/1998 7:10:00 AM
From: Monty Lenard  Read Replies (1) of 94695
 
Carl, I just rec'd this update from my broker.

"The Investment Company Institute released mutual fund inflow
estimates for May, showing:

Stock funds $20.5 billion
Hybrid funds ÿÿ 1.5 billion
Bond funds ÿÿ 7.5 billion
TOTAL $29.5 billion

While these estimates are subject to revision and don't include money
market funds, the preliminary total is close to the comparable totals
for April ($31.94 billion) and March ($31.10 billion).ÿ However,
within that total, flows to stock funds are weaker, while bond funds
have gained assets.ÿ Those two categories are down 22.8% and up 71.5%
from April's totals, respectively."

Monty
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