To: J.B.C. who wrote (57099 ) 3/16/2010 10:34:27 AM From: MulhollandDrive 1 Recommendation Read Replies (1) | Respond to of 57110 15 Mar 2010 15:42 UPDATE 1-$4 bln yanked from U.S. stock funds in February * Investor net outflow from US stock funds $3.7 bln * Taxable bond funds received $19.8 bln * PIMCO, Vanguard, JP Morgan top fund families in Feb. BOSTON, March 15 (Reuters) - Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on taxable bond funds, according to a report from Morningstar. After investors pulled almost $26 billion from U.S. stock funds last year, analysts thought the trend might have turned around in January, when investors added a net $2.7 billion. But the one-month inflow ended in February, fund analysts at Morningstar wrote in their latest monthly report. Bond giant PIMCO was the top recipient of new money in February, receiving $7.2 billion in net inflow. Privately held Vanguard Group was second, receiving $6.9 billion in net inflow, followed by the fund unit of bank JPMorgan Chase <JPM.N>, which got $2.7 billion. Investors continued to flee American Funds, withdrawing $2.4 billion in February after yanking almost $1 billion the prior month and $23 billion in 2009. Legg Mason <LM.N> also remained out of favor, seeing $478 million slip out the door after $461 million departed in January and $5.1 billion in 2009. In addition to the continued popularity of taxable bond funds, municipal bond funds gained. Investors added almost $5 billion to muni funds in February, about the same as in January. The total $10.1 billion of inflow was the strongest two-month start ever experienced, Morningstar said. Index-based exchange-traded funds received net inflow of $4.6 billion in February, reversing $16.7 billion of net outflow in January. (Reporting by Aaron Pressman; Editing by Steve Orlofsky) ((aaron.pressman@thomsonreuters.com; 617-942-1752; reuters messaging: aaron.pressman.reuters.com@reuters.net)) Keywords: FUNDS/FLOWS * Investor net outflow from US stock funds $3.7 bln * Taxable bond funds received $19.8 bln * PIMCO, Vanguard, JP Morgan top fund families in Feb. BOSTON, March 15 (Reuters) - Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on taxable bond funds, according to a report from Morningstar. After investors pulled almost $26 billion from U.S. stock funds last year, analysts thought the trend might have turned around in January, when investors added a net $2.7 billion. But the one-month inflow ended in February, fund analysts at Morningstar wrote in their latest monthly report. Bond giant PIMCO was the top recipient of new money in February, receiving $7.2 billion in net inflow. Privately held Vanguard Group was second, receiving $6.9 billion in net inflow, followed by the fund unit of bank JPMorgan Chase <JPM.N>, which got $2.7 billion. Investors continued to flee American Funds, withdrawing $2.4 billion in February after yanking almost $1 billion the prior month and $23 billion in 2009. Legg Mason <LM.N> also remained out of favor, seeing $478 million slip out the door after $461 million departed in January and $5.1 billion in 2009. In addition to the continued popularity of taxable bond funds, municipal bond funds gained. Investors added almost $5 billion to muni funds in February, about the same as in January. The total $10.1 billion of inflow was the strongest two-month start ever experienced, Morningstar said. Index-based exchange-traded funds received net inflow of $4.6 billion in February, reversing $16.7 billion of net outflow in January. (Reporting by Aaron Pressman; Editing by Steve Orlofsky) ((aaron.pressman@thomsonreuters.com; 617-942-1752; reuters messaging: aaron.pressman.reuters.com@reuters.net)) Keywords: FUNDS/FLOWSris.rois.com *gWN7NfBgoIWnOWp-KwF0-*62*P6QTs/CTIB/RI3APINEWS?FORMAT=HTML&TEXT=1268681890nN15208965