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To: Dennis who wrote (15464)1/2/1998 12:34:00 AM
From: Sonki  Respond to of 27012
 
U.S. stock funds took in $2.4 bln in 2 days-survey. WHERE is it going?

NEW YORK, Dec 31 (Reuters) - U.S. equity funds took in an estimated $2.43 billion in the two days ended December 29 for a monthly rate of $26.7 billion, according to fund tracking
service Mutual Fund Trim Tabs.

This compared to inflows of $140 million in the previous two day period ended December 24, Trim Tabs said.

Aggressive growth funds received estimated inflows of $960 million for the two days after losing $424 million in the previous two day period, Trim Tabs said.

Growth funds took in an estimated $817 million after losing $81 million and growth and income funds took in $577 million, up slightly from prior inflows of $568 million, it said.

Tracked technology funds took in $114 million while net asset value for these funds rose by 2.7 percent, it said.

Small cap funds got 0.3 percent of assets, implying all such funds took in $165 million.

Real estate funds lost 0.2 percent of assets, suggesting that Lipper-tracked funds lost $25 million, it said.

International stock funds took in an estimated $439 million during the period, after losing $402 million in the prior two days, Trim Tab reported.

But worldwide funds lost $31 million, while emerging market funds took in 0.7 percent, implying that all such funds got $150 million.

All equity funds, including international funds, took in an estimated $2.87 billion after losing $262 million in the previous period.

Bond funds took in $140 million in the period after taking in $467 million in the prior two days.

High yield bond funds took in $142 million, down from $225 million, while municipal bond funds lost $18 million after losing an estimated $56 million in the earlier period.



To: Dennis who wrote (15464)1/2/1998 8:44:00 AM
From: Stonehenge  Read Replies (1) | Respond to of 27012
 
Hi Dennis. Yes that was a wierd ending but I sure am glad the clock ran out. Patriots are good but I am pulling for the Vikings.
Yes I do sector investing as my whole portfolio is invested in the tech sector. As Sonny says I have my own mutual fund.ggg I did notice that fidelity's track record in the sector funds is very good especially in the oil service stocks. I do own a few non techs ie esv, mo, nob and bbi, but they are very insignificant relative to the entire portfolio. Good to hear that the fools like intc. So do I, it is just the street that hates it.

Take care and have a good day/semester etc. Back to work this morning for me.