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To: Softechie who wrote (6054)	2/24/2003 1:22:12 PM
From: pallmer	Respond to of 29595

-- Investors pull $1 bln from U.S. stock funds-Lipper -- NEW YORK, Feb 24 (Reuters) - Investors pulled a net $1.0 billion from U.S. stock funds in January as stock prices retreated and funds swam in red ink, fund research firm Lipper Inc. estimated on Monday. In past years, January has been a robust month for fund flows with sales getting a boost from contributions to retirement plans. In 2000, with stock fund inflows setting a calendar year record of around $309 billion, the industry rang up net sales of about $41 billion in January. January 2001 and January 2002 each saw inflows of more than $20 billion despite the bear market which began in March 2000. Investors added a net $12.9 billion to bond funds last month, Lipper estimated. Lipper is a unit of Reuters Group Plc <RTR.L> <RTRSY.O>. ((--Reporting by Cal Mankowski, U.S. Fund Desk, editing by James Dalgleish; Reuters Messaging: cal.mankowski.reuters.com@reuters.net; 646-223-6132--)) (C) Reuters 2003. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. nN21376163 Symbols: US;RTRS DE;RTG DE;RTGF DE;RTGX GB;RTR 24-Feb-2003 18:11:00 GMT Source RTRS - Reuters News