Wednesday, May 2, 2012

Funds that invest primarily in the U.S

Investors pulled $9.62 billion from stock funds in March, even as the market rose.
It was well off February's inflow of $1.38 billion, which was revised from an outflow of $1.19 billion, according to the Investment Company Institute. February's inflow had ended a nine-month outflow streak.
Signs pointed to smaller net redemptions this month.
Funds that invest primarily in the U.S. disgorged $11.63 billion last month. They took out $1.66 billion in February. In March the S&P 500 rose 3.13%, continuing a run-up begun in late November.
Stock funds that invest primarily overseas took in $2.02 billion from investors vs. $3.03 the month before. During the month, the MSCI EAFE index fell 0.91%, while the dollar rose 0.44%.
Year to date, stock funds gave back $8.64 billion vs. inflow of $32.01 billion in the year-earlier period.
Hybrid funds, which invest in both stocks and bonds, had inflow of $6.37 billion vs. $8.42 billion the previous month. For the year to date, hybrid funds took in $23.19 billion vs. $18.86 billion a year earlier.

In a seventh straight month of inflow, bond funds took in $31.84 billion vs. $34.71 billion the prior month. The yield curve steepened in March.
Taxable bond funds took in $28.33 billion vs. $28.40 billion the month before. Investors put $3.51 billion into muni bond funds vs. $6.31 billion the prior month.
For the year to date, bond funds had inflow of $94.55 billion vs. $21.92 billion a year earlier.
Money-market funds, which often have wide swings in flows, saw outflow surge to $70.63 billion in March from $3.01 billion the month before.
Fund assets rose by $61.6 billion, or 0.5%, to $12.458 trillion from $12.397 trillion the month before. They stood at $12.189 trillion a year earlier. Stock fund assets, with appreciating holdings offsetting outflow, rose $95.7 billion, or 1.7%, to $5.888 trillion from $5.792 trillion the prior month. They were $5.915 trillion a year earlier.
Bond fund assets rose $22.7 billion, or 0.7%, to $3.071 trillion from $3.048 trillion the month before. They were $2.688 trillion a year ago.
Early indications were that stock fund outflow decreased in April. TrimTabs estimated outflow was $4.2 billion through April 25.
For U.S. equity, mutual funds saw estimated outflow of $15.6 billion. ETF outflow was $4.9 billion. For world equity, funds saw $11.4 billion inflow. ETF had $400 million outflow.
Bond fund inflow was an estimated $21.3 billion. Bond ETF inflow was $3.5 billion.
As of April 25, the S&P 500 was down 1.26%, the MSCI EAFE was off 3.77% and the 10-year Treasury yield was off 22 basis points at 2.01%.

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