To: SirRealist who wrote (1138 ) 6/12/2001 10:38:40 AM From: SpinCity1 Respond to of 9026 small change Stock Mutual Funds Lose Net $2.83 Billion Tue-Thu -TrimTabs.com Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Investors took out a net $2.83 billion from stock-based mutual funds between Tuesday and Thursday, according to TrimTabs.com Investment Research. Stock funds that invest domestically saw the bulk of outflow, losing $1.94 billion, while international funds lost $885 million. Among domestic stock funds, growth funds lost $1.61 billion and aggressive growth funds lost $947 million. Growth and income funds, on the other hand, grabbed a net $617 million. The Dow Jones Industrial Average stayed relatively flat during the same period, gaining 0.3%, while the Standard & Poor's 500 index inched up 0.8%. The Nasdaq Composite Index advanced 5% during that time. Long-term bond funds, meanwhile, saw net inflow of $445 million. Investors added a $366 million to government and Ginnie Mae funds, and municipal funds saw inflow of $245 million. Corporate funds took in $10 million. Hybrid funds, which invest in both stocks and bonds, saw net outflow of $92 million, and high-yield funds were lightened by $84 million. TrimTabs.com, Santa Rosa, Calif., computes its estimates by directly tracking the cash flow of 543 stock funds and 321 bond funds through a computer model. The results are meant to approximate the inflow and outflow for the much larger set of funds - 3,140 stock funds and 2,610 bond funds - tracked by the Investment Company Institute, an industry trade group in Washington. -By Ellen Sheng, Dow Jones Newswires; 201-938-5176; ellen.sheng@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved Copyright (C) 2001 Dow Jones & Company, Inc. All Rights Reserved.