Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (179419)	7/12/2002 11:22:19 AM
From: stockman_scott	Read Replies (2) \| Respond to of 436258

U.S. stock fund outflows seen contrary indicator Friday July 12, 11:11 am Eastern Time NEW YORK, July 12 (Reuters) - A string of net withdrawals from U.S. stock mutual funds investing domestically has now stretched to six weeks and is a "slightly bullish indicator," Banc of America Securities strategist Thomas McManus said on Friday. Citing an estimate from AMG Data Services of $3.3 billion in net redemptions in the week ended July 10, McManus noted that the duration of outflows from domestic stock funds now exceeds the five-week string that followed the Sept. 11 attacks. He noted that the outflows were heavier last fall with two consecutive weeks that saw more than $5 billion in net redemptions. "We consider the existence of equity fund net redemptions to be a slightly bullish indicator -- from a contrary perspective -- because the problems resident in the market are evidently causing some investors to give up hope," McManus said. "Meanwhile the robust demand for bond funds is probably signaling an upcoming period of underperformance for bonds." McManus said that for the month of June he estimates outflows of $18 billion from domestic equity funds, $400 million from nondomestic equity funds, $25 billion from money market funds, and inflows of $13 billion to equity funds.