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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: ild who wrote (8334)2/19/2004 8:12:20 PM
From: russwinter  Respond to of 110194
 
Frantic pace of fund inflows slowing down, $2.3 billion to domestic funds, about half the January pace. No doubt being swamped by insider selling and distributions/ IPOs. Here's my crude money flow numbers:

1-28 dist, IPOs taken from Barron's list: 2.418B, net insider sells(from Thomson tear sheet): 1.653, dom. fund flow (AMG): 4.90B= net plus 829m

2-7 dist, IPOs: 7.194B insider 1.982B dom. fund flow 2.60B= net minus 6.576B

2-14 dist. IPOs: 4.691B insider sells: 2.744B dom. fund flow 2.79B = net minus 4.645B

2-21 dist. IPOs, Thomson insider available Sunday.

Flows: Feb 18
Independent Data on Fund Flows & Holdings

Equity funds report net cash inflows totaling $3.6 billion for the week ended February 18 with two-thirds going to funds investing in Domestic Equities ($2.3 bil);
International Equity funds report inflows to all Developed and Emerging regions;
Taxable Bond funds report net cash inflows of $1.2 billion with most going to Flexible funds ($251 mil), Investment Grade Corporate Bond funds ($245 mil), High Yield Corporate Bond funds ($227 mil), and International & Global Debt funds ($227 mil);
Outflows from Government Bond funds investing in mortgage-backed securities abate to -$150 million, the smallest outflow since 7/16/03;
Money Market funds report inflows totaling $11.2 billion;
Municipal Bond funds report inflows of $139 million.