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FRC: Funds Report Positive Flow

By Staff Writer

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U.S. stock and bond mutual funds attracted $17 billion more cash than they lost in February.

The net flow of cash into the funds has fallen from $47 billion in Feburary 2007, but the latest figure is an improvement on the January 2008 flow figure, according to Financial Research Corp., Boston.

This past January, U.S. funds suffered $25 billion in net outflow.

International/global funds reported $16 billion in net inflow, while corporate bond funds enjoyed $7.4 billion in net inflow.

Domestic stock funds suffered $8.4 billion in net outflows, down from net inflows of $13 billion in February 2007.

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