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Friday June 04, 06:31
U.S. stock funds have inflows of $1.2 bln

Funds investing primarily in U.S. stocks took in $1.2 billion in new money during the week ending June 2, estimate Trim Tabs director of research Carl Wittnebert, down from inflows of $1.9 billion the week before. Wittnebert noted, however, that aggressive growth type funds had outflows of about $400 million, and have lost over $1 billion in May. "Since the bull market began fifteen months ago, there has been only one other month of outflow that was March," Wittnebert said. Meanwhile, international stock funds had inflows of $200 million, matching the inflow from the prior week. Bond funds had inflows of $100 million, after suffering outflows of $1.2 billion the prior week.

(Trim Tabs)

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