NEW YORK -(Dow Jones)- Stock mutual funds saw an outflow of $15.5 billion during the week ended Wednesday, compared with an outflow of $6 billion, during the previous week, according to TrimTabs Investment Research estimates.
For the week ended Wednesday, domestic funds saw an outflow of $9.5 billion, compared with an outflow of $5.6 billion, during the previous week. International stock funds saw an outflow of $6 billion, compared with an outflow of $389 million, during the previous week.
Separately, bond funds posted outflows of $2.5 billion, compared with outflows of $4.1 billion, during the previous week. Hybrid funds, which mix stocks and bonds, posted outflows of $800 million, compared with outflows of $1.3 billion, during the previous week.
Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an inflow of $7.8 billion, compared with an inflow of $11.6 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $1.2 billion, compared with an inflow of $3.8 billion in the previous week.
The Dow Jones Industrial Average fell 1.0% during the week ended Wednesday, the Nasdaq Composite Index fell 1.4%, and the Standard & Poor's 500 Index fell 1.4%.
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 Regina Whitmore, Dow Jones Newswires;201-938-4373 regina.whitmore@dowjones.com
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Publié le 26 Décembre 2008 Copyright © 2008 Dowjones