MutualFundWire.com: Money Fund Flows Bounce Back
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Friday, May 10, 2002

Money Fund Flows Bounce Back


Flows to money market funds rebounded in the last week. Total flows for the week ended Wednesday were $27.6 billion, reported the Investment Company Institute. The inflow is a sharp bounce back from last week when more than $41 billion were pulled from the funds.

Institutional investors dominated the activity in both weeks. This week the flow into institutional funds hit $23.45 billion after more than $30 billion was pulled from these funds last week. The bulk of this activity was in taxable funds.

Retail money funds netted $4.2 billion for the week.

Money Fund Flows ($ mm)
Week of Total Net Flows Retail Net Flows Institutional Net Flows
Taxable Tax-Exempt Taxable Tax-Exempt
May 9 $23,650 $3,020 $1,180 $22,190 $1,260
May 2 ($41,710) ($7,920) ($2,450) ($32,270) $925
April 24 $106.2 ($6,190) ($4,970) $11,920 ($652)
April 17 ($21,940) ($7,810) ($1,690) ($12,450) ($9,690)
April 10 $6,910 ($2,590) ($690) $10,540 ($355)
April 3 ($11,240) ($856) $1,550 ($12,870) $947
Source: Investment Company Institute (ICI)



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