To: PMylnar who wrote (3260 ) 5/29/1998 1:28:00 PM From: tonto Respond to of 3441
Friday May 29, 11:51 am Eastern Time U.S. stock funds have $811 mln outflow for week NEW YORK, May 29 (Reuters) - Investors removed $811 million from stock funds in the week ended May 27, after these funds took in $471 million in the previous week, the mutual fund flow-tracking service AMG Data Services reported Friday. Based on the four-week moving average, stock funds took in $3.48 billion for the week ended May 27, up slightly from the $3.46 billion they took in in the previous week. Total stock fund assets were $2.35 trillion, off from $2.39 trillion in the previous week, AMG said. The weekly inflow data are based on figures from fund companies which report flows every week. The four-week moving average and total assets data include this weekly information, plus data from fund companies that release flow figures monthly. Equity income funds had outflows totaling $10.6 million for the week ended May 27, after taking in $93.9 million the week before. Gold and natural resources funds had outflows of $22.5 million, after last week's outflow of $9.6 million. Aggressive growth funds had outflows of $238 million for the week, after an inflow of $7.3 million the week before. Small-cap growth funds had outflows of $630.1 million, compared to outflows totaling $340.8 million the week before. Growth funds that did not fall into the small-cap or aggressive-growth categories took in $129.4 million, down from inflows totaling $531.1 million the week before. Growth and income funds had inflows totaling $344.7 million for the week, compared to inflows of $393.5 million the week before. Global equity funds had outflows totaling $115.7 million, after taking in $1.8 million in new cash the previous week. Technology sector funds had outflows of $157.1 million, after outflows for this sector of $31.7 million the week before. The real-estate sector had outflows totaling $14.3 million for the week, compared to $17.3 million in outflows the previous week. International equity funds saw an outflow of $32.9 million for the week, after outflows totaling $186.1 million the week before. Emerging markets funds had outflows totaling $69.8 million, compared to an outflow of $147.7 million the week before. Asia Pacific funds that exclude Japan had outflows of $17.8 million, compared to outflows of $53.9 million the previous week. Latin American stock funds saw outflows totaling $27.6 million, after outflows of $21.1 million the week before. Japan stock funds had an outflow of $10.1 million for the week, after an outflow of $5.4 million the week before. European funds had inflows totaling $105 million, after seeing outflows of $72.8 million the previous week. Further information is available at AMG's website, ''www.amgdata.com.''