The weekly mutual fund flows data shows more money is still going into bond funds than equity funds. Also, GDP growth is clearly aided by people pulling money out of their money market savings accounts.
Annual data shown in table 1 below.
Weekly 04/28/2010
- Equity Fund Inflows $3.8 Bil;
- Taxable Bond Fund Inflows $4.3 Bil
- xETFs - Equity Fund Inflows $1.7 Bil; Taxable Bond Fund Inflows $3.2 Bil
Table 1 | AMG Fund Flows for Full Year - $B | ||
--------------- | Equity | Tax Bond | MM Fund |
Fund Flows for 2003 | 40.8 | 40.7 | NC |
Fund Flows for 2004 | 95.0 | 11.3 | (64.3) |
Fund Flows for 2005 | 71.9 | 9.3 | 89.0 |
Fund Flows for 2006 | 52.5 | 29.9 | 308.3 |
Fund Flows for 2007 | 111.3 | 68.8 | 569.5 |
Fund Flows for 2008 | 3.5 | (3.3) | 608.0 |
Fund Flows for 2009 | 6.0 | 172.0 | (280.2) |
Fund Flows for 2010 | (0.5) | 66.6 | (362.8) |
NC = Data Not Compiled
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 159% (a double plus another 59%!!) vs. the S&P500 UP a tiny 8.6% vs. NASDAQ UP a tiny 3.5% (All through 12/31/09 )
In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
As of 5/1/10, the explore portfolio was up 8.5% YTD (DOW up 5.6% )
More info:
The Lipper FMI Fund Flows Database
According to amgdata.com: The Lipper FMI Fund Flow Database is the most accurate, timely, and comprehensive proxy for investor sentiment. Weekly and monthly investor flows are aggregated in 19000 open-end mutual fund share classes with an $11 Trillion asset base that is sectored in datasets by investment objective as defined in the prospectus.
Affiliated Managers Group Inc.
(AMG) is an asset management company with equity investments in a diverse group of boutique investment management firms.
Equity, Bond and Money Market Fund Flows as reported by AMG/Lipper Weekly Fund Flows Data at http://www.amgdata.com
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