To: T L Comiskey who wrote (78085 ) 11/11/1998 11:47:00 AM From: Mohan Marette Read Replies (1) | Respond to of 176388
Now listen up people,looks like 'they' are back. Tim: I guess the guys/gals are getting back in to the market even international markets,WOW that is deep,hope they don't run like they did couple of months ago at the first sign of some weakness in the market,you know like 'buy high' and 'sell low'. ========================================================== Nov 11 1998 8:10AM - Bloomberg News Investors Pour Money Into U.S. Stock Funds in Latest Week New York, Nov. 11 (Bloomberg) -- Investors keep funneling money into U.S. equity funds, helping fuel the domestic market's rally of the past month, according to an industry report.About $6.08 billion poured into U.S. equity funds in the week ended Monday, according to Trimtabs.com, a Santa Rosa, California-based research group. The new investments come a week after $5.14 billion went into the same funds. The hefty inflows come during a one-month stretch when the Standard & Poor's 500 Index -- the benchmark for large-cap stocks -- gained 14.6 percent and the Russell 2000 Index -- the benchmark for small-cap stocks -- rose 24.6 percent.Investors also put money in international stock funds in the one-week period ended Monday, adding about $470 million, Trimtabs.com reported. Money was redeemed from government bond funds, as about $335 million was withdrawn during the past week, according to Trimtabs.com. At the same time, almost $200 million was invested in municipal bond funds and about $880 million was invested in junk bond funds, Trimtabs.com reported. --Tim Quinson in Boston (617) 542-3766 through New York newsroom (212) 318-2300/lw Story illustration: To track mutual fund sales trends since September 1993 as reported by the Investment Company Institute: MFMSNS GP. Industry news: Regional news: NI FND Mutual funds NI US U.S. NI SCR Securities NI FIN Financial services Fund performance chart: NI USS U.S. stocks FPC For more on mutual fund flows, type NI FLOWS. -0- (BN ) Nov/11/ 98 8:10