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Funds Had Strong Net Inflows In February

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NU Online News Service, March 26, 2004, 4:07 p.m. EST – Cash poured into stock and bond funds in February.[@@]

The funds attracted $33 billion more cash in February than they lost, up from a net inflow of $11 billion in February 2003, according to Financial Research Corp., Boston.

Domestic stock funds led with a net inflow of about $23 billion, up from a net outflow of $8 billion in February 2003. Net inflow increased to $9.4 billion, from $1.6 billion, at international-global funds.