In the week ended Wednesday, stock funds had net cash inflows of $1.7 billion, according to AMG Data Services. Money-market funds pulled in $7 billion. Taxable bond funds had net outflows of $411 million, but municipal-bond funds gained $42 million. Results include exchange-traded funds.
Note: We’ve looked at Fund Flow several times over the past few years: Earlier this year on January 26 (A Promising Start, But . . .) and in the beginning of 2004: February 23 (Structural Decay) and February 26 (Reluctant Buyers on Strike at Nasdaq).
Note that at bubble peaks, fund flow gets excessive.
Cash Keeps Rolling In
Barrons, MONDAY, MARCH 28, 2005
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