MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 14, 2004 Schwab Investors Favor Growth Domestic and international growth funds were popular with Charles Schwab investors, raking in a combined $1.8 billion in November. Net mutual fund sales were $2.8 billion, up 36 percent from $2.0 billion in October and up 47 percent from $1.9 billion in November of 2003. International growth fund sales skyrocketed compared to October and November of last year. November sales were $906.5 million, up more than 100 percent from $451.6 million in October and 123 percent from $405.8 million in November of last year. Meanwhile, domestic growth fund sales were $891.5 million for November, an increase of 134 percent from $381 million in October but only five percent more than sales of the funds in November of last year. Balanced and bond funds saw negligible or negative sales. Printed from: MFWire.com/story.asp?s=8634 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |