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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (4529)	8/27/1998 3:47:00 PM
From: Joseph G.	Respond to of 86076

Peanuts: <<WASHINGTON, Aug 27 (Reuters) - U.S. stock mutual funds took in net new cash of $19.30 billion in July, up from a revised $19.21 billion in June, a mutual fund industry trade group said on Thursday. Previously the Investment Company Institute had reported June actual stock mutual fund inflows at $19.22 billion. Hybrid mutual funds -- which include balanced, flexible portfolio, income mixed and asset allocation funds -- had inflows of $1.05 billion in July, compared with a revised $1.03 billion in June that was previously reported as $1.00 billion, ICI said. Taxable bond mutual funds took in $6.05 billion last month, compared with June inflows of $3.47 billion, ICI said. July municipal bond mutual fund inflows totaled $987 million versus $676 million in June, it said. ICI revised inflows of June taxable bond mutual fund from $3.42 billion and municipal bond mutual funds from $669.0 million. The Investment Company Institute said total combined assets of U.S. mutual funds were $5.158 billion in July, compared with $5.155 trillion in June. In the first seven months of 1998, net inflows to stock funds totaled $145.53 billion, compared with $134.89 billion in the first seven months of 1997. Inflows to hybrid funds were $10.52 billion, compared with $9.92 billion in the same 1997 period. Taxable bond mutual fund inflows stood at $37.65 billion in the first seven months of 1998, up sharply from $7.67 billion in the same period last year. Municipal bond fund inflows in the January to July period were $8.10 billion, compared with an outflow of $2.89 billion in 1997, ICI said. >>