The weekly mutual fund flows data shows money continues to pour out of low yielding money market funds. Also, equity funds show a net loss of funds for the year
From briefing.com's
weekly wrap:
| Index | Ended Week | YTD % |
| DJIA | 10450.64 | 0.2 |
| Nasdaq | 2309.80 | 1.8 |
| S&P 500 | 1117.51 | 0.2 |
Annual data shown in table 1 below. Raw data from
AMG Weekly Fund Flows Data
Weekly 06/16/2010
- Equity Fund Inflows $11.4 Bil
- Taxable Bond Fund Inflows $3.7 Bil
- xETFs - Equity Fund Outflows -$13 Mil; Taxable Bond Fund Inflows $2.3 Bil
Fund Flow Totals for 2010 through 6/16/10
| 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 | (1.6) | 75.5 | (431.4)+ |
- NC = Data Not Compiled
- += Some data for Money Market Funds between March 2010 and June 19, 2010 is missing but the overall trend is clear.
ExETFs—For the week ended 6/16/2010 All Equity funds report net outflows totaling -$0.013 billion as Domestic Equity funds report net outflows of -$0.307 billion and Non-Domestic Equity funds report net intflows of $0.294 billion... ExETFs—Emerging Markets Equity funds report net inflows of $0.310 billion as some investors continue to become less risk averse as they take advantage of a bottoming euro/dollar relationship and expected exports to US consumers… Net inflows are reported for All Taxable Bond funds ($2.323 billion), bringing the rate of inflows of the $2.410-trillion sector to $1.651 billion/week... Increasing net inflows are reported to International & Global debt funds totaling $0.628 billion from $294 million a week earlier, and the largest inflow to the sector in seven weeks, indicating less risk aversion among investors to that sector... Net inflows are now reported to Corp-High Yield funds totaling $0.068 billion, the first inflows to the sector in seven weeks...
Money Market funds report net outflows totaling -$37.866 billion... ExETFs—Municipal Bond funds report net inflows of $0.218 billion….
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 164% (a double plus another 64%!!) vs. the S&P500 UP a tiny 6.2% vs. NASDAQ UP a tiny 2.0% (All through 6/28/10)
In 2009, "Kirk's Newsletter Explore Portfolio" gained 33.5% vs. the DJIA up 18.8%
As of now, 6/28/10, the explore portfolio is up 1.8% YTD vs. DJIA Down 2.4% & S&P500 Down 2.3%
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