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.