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To: Lucretius who wrote (217699)	1/30/2003 12:57:11 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Investors Buck Fund Norm for January Wary attitude prevents the usual inflow of cash at the first of the year from happening. By Josh Friedman, Times Staff Writer latimes.com According to unofficial estimates by industry analysts, stock funds are headed for an outflow this month of $700 million or more (TrimTabs says funds are on pace for a $1.5-billion outflow). If that trend holds, it would mean the first January of net redemptions since 1990, when $274 million was pulled. Any outflow this month probably would be very small as a percentage of the $2.8 trillion in equity funds, but even a flat or mildly positive ledger would be a disappointment for an industry accustomed to an early-year asset bounce. About 18% of the roughly $666-billion net inflow to stock funds during the last five years came during January, according to ICI data. In 2002, for example, there was a January inflow of $19.4 billion, making it the year's second-strongest month. In January 2000, near the peak of the bull market for stocks, $44.5 billion poured in.