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Wednesday, June 28, 2006

Mutual Fund Inflows Plunge

by: Neil Anderson, Managing Editor

Investors added less net money to mutual funds in May than they have in two years.

Financial Research Corporation's, latest numbers paint the bad news. According to the Bisys-owned research and consulting firm, only $5.3 billion flowed into stock and bond mutual funds last month, a mere fraction the $31.3 billion added in April. Stock funds especially were hit hard, losing $4.4 billion in May after gaining $7 billion in April. 

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