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FRC: Funds Suffered Outflows In January

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Stock and mutual funds saw about $23 billion more cash flow out in January than flowed in that month.

The funds enjoyed total net inflows of about $54 billion in January 2007, according to Financial Research Corp., Boston.

The net change for domestic stock funds shifted to $32 billion in net outflow in January, down from a net inflow of $14 billion.

International and global funds reported $5 billion in net outflows, down from a net inflow of $26 billion.

Some cash flowered into government bond funds, corporate bond funds and tax-free bond funds, but money-market accounts enjoyed by far the biggest gains.

Money market funds enjoyed $138 billion in net inflow, up from $11 billion in net outflow in January 2007.


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