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Stock Funds Gather Assets

By Staff Writer

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Nov. 21, 2003 — Stock funds gained assets in the week ended Nov. 19, while investors pulled money out of bond funds, according to TrimTabs.com.

Domestic stock funds pulled in $3.4 billion, down from $4.4 billion a week earlier. Funds that invest in foreign stocks attracted $300 million for the second consecutive week.

Bond funds saw outflows of $100 million after taking in $300 million in the prior seven-day period. Hybrid funds, which invest in stocks and bonds, netted $600 million, compared with inflows of $700 million a week earlier.

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