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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (8346)9/3/1998 8:05:00 PM
From: Sergio H  Read Replies (2) | Respond to of 29382
 
DD, I wasn't talking about BBD. That's a foreign stock (g).
Take a look at this article. Funds are flowing out of mutual funds, and the rate of outflow will increase when the passive investors receive their monthly statements next week.

Thursday September 3, 5:23 pm Eastern Time

Stock funds had $1.3 bln weekly outflow-Trim Tabs

NEW YORK, Sept 3 (Reuters) - U.S. stock mutual funds had estimated net outflows of $1.3 billion in the week ended September 2, Mutual Fund Trim Tabs said Thursday.

The Santa Rosa, Calif.-based statistical service said it recorded net outflows of $3.0 billion in the prior week.

Stock funds investing primarily in the domestic market had outflows of $800 million in the latest period compared with outflows of $600 million a week earlier.

International equity funds had outflows of $500 million versus outflows of $2.3 billion a week earlier. Bond funds took in $1.6 billion in the latest week compared to inflows of $2.0 billion in the prior week.