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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (11324)	8/29/2003 9:11:18 PM
From: StanX Long	Read Replies (1) \| Respond to of 95743

Investors Put $1.5 Bln in Stock Funds-AMG Fri Aug 29,11:55 AM ET Add Business - Reuters to My Yahoo! story.news.yahoo.com NEW YORK (Reuters) - Investors added money to U.S. stock mutual funds in the week ended Aug. 27 and poured money into junk bond funds at a record pace, according to AMG data Services. AMG, a research firm based in Arcata, California, said stock funds took in a net $1.5 billion in the week ended Aug. 27, less than the $2.6 billion that the funds took in during the prior week. It was the fourth consecutive week of positive flows for stock funds and the eighth week out of the last nine to see positive flows. Taxable bond funds overall had inflows of $1.7 billion with $1.2 billion pulled out of government bond funds investing in mortgage-backed securities, AMG said. The junk bond funds, which had an outflow of $84 million in the prior week, took in a net $3.3 billion, more than twice the previous record of $1.56 billion in the week ended Aug. 28, 2002. Market participants said investors were encouraged by signs that issuers of high yield debt are less likely to default as the economy improves. Total returns on junk bonds year-to-date are 17.47 percent, up from 14.24 percent two weeks ago, according to Merrill Lynch & Co. Municipal bond funds had outflows of $650 million, AMG said, more than twice the previous week's $244 million of outflows. It was the sixth consecutive week of outflows for municipal bond funds. AMG said domestic small-cap stock funds added $703 million and aggressive growth funds $249 million. International stock funds took in $372 million in the week, with all emerging and developed regions having positive flows.