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[dosto]

September Fund Sales Turn South at Janus, Fidelity
by Elizabeth S. Armbuster | 04:28 PM | 09-29-00 | E-mail Article to a Friend

New cash flowing into Janus Capital and Fidelity Investments continued to slow this month, with Janus seeing more money leave than arrive for the first time in three years.

Denver-based Janus reported outflows of $68.3 million through Monday, while net new sales at Boston-based Fidelity, which saw outflows in August, remained essentially flat for most of this month.

The Investment Company Institute, a mutual-fund industry trade group, on Friday said new cash flow into most mutual funds industrywide increased in August from July. Stock funds overall saw inflows of $23.4 billion in August, a $6.1 billion increase over July. Growth-and-income funds and municipal-bond funds were the only groups to see outflows.

September has turned out to be a slower month for Fidelity and Janus, while other major fund groups--The Vanguard Group, T. Rowe Price TROW, and Charles Schwab SCH--reported strong sales.

Janus has been the fastest growing shop in the industry, but the spring crash of the Nasdaq Composite hit its technology and growth-oriented funds hard. The fund family had been used to seeing its offerings at or near the top of the performance charts and seeing lots of new investments, but so far this year most Janus funds have lagged their peers and, in the last few months, sales have dropped off.

[dosto]

:54AM U.S. stock funds lose $1 bln ($SPX) by Tomi Kilgore
Trim Tabs is estimating that funds which invest primarily in U.S. equities had outflows of $1 billion during the week ended Oct. 18, compared with inflows of $1.1 billion the previous week. The S&P 500 ($SPX) fell 22.46 points during the Oct. 18 week, compared to a drop of 69.73 the prior week. Bond funds had inflows of $900 million in the week, after losing $200 million the prior week.

[dosto]

Trim Tabs on money flows by Tomi Kilgore
Trim Tabs is estimating that U.S. equity funds lost $7.5 billion in the three day`s ending Oct. 19. 47 managements were said to have lost money, while 17 were flat and 14 received new money. Trim Tabs added, however, that "large inflows should be in store for the Friday-Monday period, given the [stock market] rally on Thursday and Friday." The research firm expects the $12.8 billion that all stock funds lost since the end of September will change to an inflow. Bond and hybrid funds lost an estimated $285 million.

[dosto]

9:07AM Trim Tabs sees market bottom by Tomi Kilgore
Liquidity Trim Tabs said cash on hand at U.S. equity funds rose to 5.1 percent at the end of September, the highest level seen since August 1998. Absolute cash for the month grew 9.4 percent from the end of the previous month. Trim Tabs noted that, since 1998, each time cash grew by over 6 percent, the market bottomed within a month. "Does that mean the stock market has bottomed here? In our opinion, yes," Trim Tabs said. For October, Trim Tabs estimates that cash grew to 5.3 percent.

wollen wir doch mal hoffen, daß die leutchen recht haben.