MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, March 28, 2008 Inflows Pick up in February Fund companies had something to cheer about in February despite the roller coaster the stock market was on. According to FRC data, inflows resumed in the month of February. In January net $22.94 billion flowed out of funds. Net flows for February of 2008 for the top 20 fund complexes hit $17.06 billion for the month. However numbers are nowhere near February of 2007's $47.37 billion in inflows. The top three companies in terms of inflows were: Vanguard, with $7.82 billion in inflows, American with $5.29 billion in inflows and surprise entry Proshares with $3.96 billion in inflows. In the whole of 2007, ProShares only garnered $744 million in inflows. FRC does not include money market fund flows in its numbers. Printed from: MFWire.com/story.asp?s=17812 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |