Nov. 7, 2003 — Money continued to move into domestic stock funds in the week ended Nov. 5, but at a slower pace than the prior seven-day period, according to TrimTabs.com Investment Research.
Bond funds and hybrid funds, which hold equities and fixed-income securities, saw increased cash inflows in the latest week, while international stock funds suffered outflows.
Domestic stock funds pulled in $2.6 billion in the latest week, after netting $4 billion the week before. But funds that invest in foreign stocks leaked $1.4 billion, compared with $800 million in inflows a week earlier.
Bond funds took in $900 million after losing $400 million the previous week. Hybrid funds saw inflows of $1.2 billion, compared with inflows of $500 million in the prior week.
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.