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Mix-Ansicht- US stock funds face net outflows this month - Erwin, 28.10.2000, 18:17
- Re: US stock funds face net outflows this month - Obelix, 28.10.2000, 19:29
Re: US stock funds face net outflows this month
>Na, auf die Art wird das nix mit neuen ATH´s.
>Da mußt du schon noch ´n paar Dolores locker
>machen, Uncle Sam.:-)
>Artikel aus der Straits Times, Singapur:
>SANTA ROSA (California) -- US-based stock funds this month are on target to post net investor withdrawals for the first time in more than two years, according to a Santa Rosa, California-based research firm.
>TrimTabs.com Investment Research expects outflows of US$3.5 billion (S$6.2 billion) this month amid market declines.
>""I'm actually somewhat encouraged that people are viewing the equity market less as entertainment,'' said Mr Duncan Richardson, portfolio manager of the more than US$7 billion Eaton Vance Tax-Managed Growth Fund.
>In addition to market volatility, investors are probably also reluctant to buy ahead of capital gains distributions they must pay taxes on, he said.
>Mr Richardson said because equity markets can be volatile, investors should have a three- to five-year time horizon.
>""I think people's time horizon this year has been shrunk to three to five months,'' he said.
>The October outflows would be the first since the US$11.7 billion that leaked out in August 1998 when Russia defaulted on its debt. Net outflows to Oct 24 have totalled US$2.6 billion.
>International fund outflows are expected to account for US$2.2 billion of the US$3.5 billion, a hefty amount considering those funds account for about 14 per cent of assets.
>""People have been sour on international funds for quite a while,'' Mr Carl Wittnebert, TrimTabs' research director, said.
>The technology funds TrimTabs tracks had net outflows of US$182 million to Oct 24.
>For the full month, TrimTabs expects outflows of US$246 million. Tech sector outflows would be the first since February last year.
>""The huge inflows to technology in the first quarter, they haven't been there for a while,'' Mr Wittnebert said.
>Mr Haywood said index funds have taken in US$20 billion of net inflows this year to Sept 30, down from US$49 billion for the same period a year ago.
>""It's off a little bit, and I think a lot of that has to do with market conditions now that we've kind of shifted more towards a stock pickers' market,'' he said. --Bloomberg News
Dann verstehe ich aber folgendes nicht (von Trimtab direkt):
October 26, 2000
$3.3 Billion Inflow To Equities The Week Ending Wednesday, October 25, 2000.
Director of Research Carl Wittnebert estimates that all equity funds had outflows of $3.3 billion over the week ending Wednesday, October 25, 2000, compared with outflows of $900 million during the prior week.
Equity funds that invest primarily in US stocks had inflows of $3.2 billion, compared with outflows of $1.0 billion during the prior week.
International equity funds had inflows of $100 million for second week in a row.
Bond funds had outflows of $1.3 billion, compared with inflows of $900 million the prior week.
Hybrid funds had outflows of $400 million, compared with outflows of $200 million the prior week.
Verwirrt, obelix
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