Oct. 24, 2003 — Investors moved into U.S. and international stock funds in the week ended Oct. 22, but they moved out of bond funds, according to TrimTabs.com Investment Research.
Domestic stock funds took in $4.1 billion after seeing inflows of $4.4 billion a week earlier. Funds that invest in foreign stocks attracted $400 million after suffering outflows of $200 million in the previous week.
Investors pulled $100 million out of bond funds in the latest week after putting $500 million into the funds a week earlier.
Hybrid funds, which invest in stocks and bonds, attracted $800 million, twice as much as they netted a week earlier.
TrimTabs tracks daily fund flows of 90 fund families that hold about 15% of all stock and bond fund assets and then regresses those numbers by sector to estimate total flows for all funds.