To: SusieQ1065 who wrote (284 ) 6/7/2001 7:46:34 PM From: keithcray Respond to of 26752 Stock funds pull in $11 billion Money funds also attract big flows, add $12 billion By Craig Tolliver, CBS.MarketWatch.com Last Update: 7:23 PM ET Jun 7, 2001 SANTA ROSA, Calif. (CBS.MW) - Investors put the pedal to the metal, pumping nearly $11 billion into stock mutual funds in the latest week, Mutual Fund Trim Tabs said Thursday. Through the five-day period ending Wednesday, mutual funds investing primarily in U.S. stocks pulled in $7.2 billion, reversing outflows of $1.2 billion the week before. Mutual funds investing abroad attracted new assets of $3.7 billion, vs. outflows of $2.4 billion during the prior week. The Santa Rosa, Calif.-based fund analyst also estimates that $1.1 billion flowed into bond funds, adding to $400 million collected in the previous week. Hybrid funds had outflows of $200 million, canceling out inflows of $200 million the prior week. Mutual Funds Trim Tabs tracks the daily flow of a small sampling of mutual fund companies, representing roughly 15 percent of all equity fund assets, to arrive at its weekly estimates. Money funds Money market fund assets rose by more than12 billion in the latest week, the Investment Company Institute said Thursday. Retail investors added nearly $3 billion over the five-day period ending Wednesday. Taxable money market funds in the retail category increased by $195 million in assets and tax-exempt funds rose $2.8 billion, according to the Washington-based trade group. Institutional money market funds grabbed the lion's share of inflows, adding $9.1 billion to coffers. Among institutional funds, assets of taxable funds decreased by $6.8 billion while tax-exempt fund assets rose by 2.3 billion. A portion of that money can be attributed to traditional monthly patterns by institutional investors, iMoneyNet analyst Peter Crane told CBS.MarketWatch.com . Institutions typically pull cash out at the end of the month and send money back in at the top of the month, Crane explained. Total money market assets stood at nearly $2.1 trillion for the week, according to ICI. -------------------------------------------------------------------------------- Craig Tolliver is the mutual funds editor for CBS.MarketWatch.com in Los Angeles.