NU Online News Service, Nov. 27, 2:17 p.m. – Stock and bond funds are reporting $1.2 billion in net cash outflows for October, compared with $15 billion in net inflows for October 2001, according to Financial Research Corp., Boston.
Domestic bond funds brought in $4.7 billion more than they lost, but stock funds were hit by more than $5.8 billion in outflows, FRC says.
Of 20 fund categories monitored by FRC, intermediate-term bond funds led, with almost $1.6 billion in positive net flow in October. High-yield and short-term bonds were second and third, respectively, each with just over $1.5 billion in estimated inflows.
An unusual aspect of the October rankings was that out of the top 20 fund categories, only 16 actually had positive net flows. The remainder either broke even or had net redemptions.