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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (24267)	8/31/1999 2:02:00 PM
From: Benkea	Respond to of 99985

Cash flows into U.S. stock funds lag 1998 pace. Watch Out BELOW! NEW YORK, Aug 30 (Reuters) - Net flows of cash into U.S. stock mutual funds fell to $12.29 billion in July from a revised $19.10 billion in June and the year-to-date flow for the first seven months of 1999 lagged the prior year's pace by about 29 percent, an industry trade group said Monday. The Investment Company Institute (ICI), which previously reported the June net flow into stock funds as $19.20 billion, cited volatility in the U.S. stock market as a factor in the July decline. With falling prices and increased redemptions, the behemoth Mutual Fund industry could well find itself between a rock and a hard spot, forcing massive liquidations of investment portfolios. Falling prices would then feed upon themselves. biz.yahoo.com