Latest April Net Flow Estimates Set at $35 Billion to $40 Billion
May 22, 2000
In spite of the extreme volatility in the equity markets in April, net inflows into equity funds were $35 billion to $40 billion for the month, according to preliminary estimates by Strategic Insight of New York.
These figures are close to estimates made earlier this month by TrimTabs.com of Santa Rosa, Calif., which tracks daily inflow data on approximately one-eighth of the universe of 4,000 mutual funds. TrimTabs.com estimated that equity funds received net inflows of $34.3 billion in April. (MFMN 5/15/00)
Investor confidence in April is notable, given that the average equity fund declined 4.67 percent, the Nasdaq Composite Index drooped 15.57 percent and the S&P 500 Index dipped 3.01 percent, according to Lipper of Summit, N.J.