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FRC: Funds Attract $24.4 Billion

By Staff Writer

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NU Online News Service, Jan. 29, 2004, 11:13 a.m. EST – Stock funds and bond mutual funds attracted $24.4 billion more cash in December 2003 than they lost.[@@]

The net inflow was up from $1.5 billion in December 2002, according to Financial Research Corp., Boston.

Domestic stock funds led with net inflow of $16.8 billion, up from net outflow of $3.5 billion in December 2002. International-global funds reported $9.4 billion in net inflow, up from $1.1 billion in net outflow.