Stock mutual funds take in $10.4 billion
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PostPosted: Sun, Nov 30 2008, 10:49 pm EST    Post subject: Stock mutual funds take in $10.4 billion Reply with quote

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Stock mutual funds take in $10.4 billion

Trimtabs survey shows reversal from $19.5 billion outflow in previous week.

November 30, 2008: 11:46 AM ET

NEW YORK (CNNMoney.com) -- Money flowed into equity mutual funds in the latest week, reversing the outflow of the previous week, according to data released a fund research firm.

A net of about $10.4 billion came into equity mutual funds in the week ended Nov. 26, according to Trimtabs Investment Research. That compared to $19.5 billion going out of the funds in the previous week.

Funds that invest in U.S. stocks had a net inflow of $6.8 billion, compared to an outflow of $12.2 billion in the prior week. Funds that invest in non-U.S. stocks took in a net of $3.6 billion, after $7.2 billion went out of them the week before.

Trimtabs said funds that invest in bonds had an outflow of $7.4 billion, less than the $13 billion outflow the prior week.

Hybrid funds that combine equity and debt investment had outflow of $2.4 billion, down from $4.6 billion.

Among exchange-traded funds (ETFs), net investment in U.S. stocks declined to $4.3 billion from $6.7 billion, while investment in non-U.S. stocks rose to $1.5 billion from $1.1 billion.

http://money.cnn.com/2008/11/30/pf/funds/trimtabs/index.htm
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