Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Lipper Confirms August Shift to Bonds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 23, 2002

Lipper Confirms August Shift to Bonds

by: Ki Kim

August was truly the Dog Days for fund firms lacking fixed income products in their line-up. Investors pulled a net $5.8 billion from equity products in August, reports Lipper. Meanwhile, they poured more than $19 billion into bond funds.

Net flows to all mutual funds were negative, though, as shareholders pulled $36.9 billion out of money market funds, according to the report. All told nearly $24 billion left all types of funds during the month.

The good news for fund firms is that the pullout from equity funds is no where near as stark as in July. Lipper reports that equity fund outflows in August dropped 90 percent from July's record amount.

Meanwhile, bond fund retained their attraction. August's $19 billion inflow into bond funds was second only to July's record amount, with only $4.4 billion flowing into institutional funds, according Lipper's report on fund flows.

For the first month in 14 years, shareholders pulled money out of equity funds against a backdrop of rising indices. Moreover, $1.4 billion exited S&P 500-based funds as 401(k) allocations were shifted.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use