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Stock Mutual Funds Saw $43.3 Billion Outflow Thursday-Wed

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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:54 PM
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Stock Mutual Funds Saw $43.3 Billion Outflow Thursday-Wed
NEW YORK -(Dow Jones)- Stock mutual funds saw an outflow of $43.3 billion during the week ended Wednesday, compared with an outflow of $7.16 billion during the previous week, according to TrimTabs Investment Research estimates.

For the week ended Wednesday, domestic funds saw an outflow of $27.33 billion, compared with an outflow of $3.29 billion during the previous week. International stock funds saw an outflow of $15.98 billion, compared with an outflow of $3.87 billion during the previous week.

Separately, bond funds posted outflows of $8.8 billion, compared with outflows of $8.14 billion during the previous week. Hybrid funds, which mix stocks and bonds, posted outflows of $4.13 billion, compared with outflows of $3.82 billion during the previous week.

The Dow Jones Industrial Average fell 14.5% during the week ended Wednesday, the Nasdaq Composite Index fell 15.9%, and the Standard & Poor's 500 Index fell 15.2%.

MORE...

DOW JONES: http://tinyurl.com/46l6ww
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 03:58 PM
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1. So some folks were smart enough to move $43.3 b away from the carnage
Good for them.

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