NEW YORK -(Dow Jones)- Stock mutual funds saw an outflow of $1.2 billion during the week ended Wednesday, compared with an outflow of $15.5 billion during the previous week, according to TrimTabs Investment Research estimates.
For the week ended Wednesday, domestic funds saw an outflow of $1.7 billion,, compared with an outflow of $9.5 billion during the previous week. International stock funds saw an outflow of $2.9 billion, compared with an outflow of $6.0 billion during the previous week.
Separately, bond funds posted outflows of $2.8 billion, compared with outflows of $2.5 billion during the previous week. Hybrid funds, which mix stocks and bonds, posted outflows of $877 million, compared with outflows of $800 million during the previous week.
Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted outflows of $1.3 billion, compared with inflows of $7.8 billion in the previous week. ETFs that invest in non-U.S. stocks had outflows of $207 million, compared with inflows of $1.2 billion in the previous week.
The Dow Jones Industrial Average rose 3.6% during the week ended Wednesday, the Nasdaq Composite Index rose 3.4%, and the Standard & Poor's 500 Index rose 4.0%.
TrimTabs, Santa Rosa, Calif., tracks daily flows of 90 fund families that have about 15% of all equity-fund assets. TrimTabs then regresses those numbers by sector to estimate total flows for all equity funds.
-By Jeff Gruber, Dow Jones Newswires; 201-938-2167; jeff.gruber@dowjones.com
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Publié le 02 janvier 2009 Copyright © 2009 Dowjones