Mutual funds have net inflows of $44B in past two months

Mutual funds attracted net inflows of $44 billion during January and February, according to a report from Strategic Insight Mutual Fund Research and Consulting.
MAR 12, 2009
By  Bloomberg
Mutual funds attracted net inflows of $44 billion during January and February, according to a report released today by Strategic Insight Mutual Fund Research and Consulting LLC. Money market mutual funds had net inflows of $30 billion for January and February, and bond funds had net inflows of about $30 billion during the same time period. Stock mutual funds suffered, however, with net outflows of slightly more than $16 billion. Separately, the New York-based firm found that exchanged traded funds saw net outflows of $7 billion during the two-month period. “After record flows into ETFs in 2008, some pullback and re-balancing of portfolios was to be expected at the start of the year,” Loren Fox, a senior research analyst at Strategic Insight, said in a statement.

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