SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Avant (AVNT) -- Ignore unavailable to you. Want to Upgrade?


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.''