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Monday, September 22, 2008

Funds Find Steady Flows

by: Erin Kello

The world may have changed for Wall Street last week but the mutual fund world, excluding money market funds, is relatively stable. In Monday's WSJ Fund Track, Daisey Maxey reports that investors in stock funds are not running for the exits. Nets sales of stock mutual funds were $172 million in June; $23.6 billion in July; $7 billion in August; and $6 billion so far in September, according to figures from AMG data. Avi Nachmany, director of research at Strategic Insight, had some more calming words for those in the industry, telling Maxey that, "even during times of heightened anxiety, the great majority of mutual-fund investors stuck to their portfolios and have not acted defensively."  

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