Fund Inflows Down by Half
From The New York Post
Mutual fund cash flows have plummeted to $27 billion so far this year from $54 billion at the same point last year, says AMG Data Services. Who is stealing fund cash flows? The New York Post looks at stock day-traders. It even credits them for saving the stock market's bacon.
Losing to the S&P? Blame the New Economy
From The New York Times
The Grey Lady takes a stab at explaining why most funds fail to top the indexes. Unlike Jack Bogle it does not blame fees. Instead it ponders whether funds and their "old economy" stocks are being left in the dust by "new economy" stocks and whether managers can blame the fact that their portfolio is not market cap weighted. It adds to the
NY Post's coverage by pointing out that 73% of the first quarter's anemic fund inflows went to index funds.
Value Funds Should be Worth It
From The Wall Street Journal
Also, today's mutual fund column examines (again) the plight of value funds and why they probably won't perform as badly in the future as they have recently -- in the past twelve months these funds are
down an average of six percent. 
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