Tom Roseen By Beverly Chandler, Opalesque London:
Research conducted by Lipper Research shows that fund investors took fright over the closing months of 2011, becoming net purchasers of fund assets for November but still investing $53.3 billion into the conventional funds business. Money market funds were the most popular funds while ETFs took the biggest hit.
Tom Roseen, Head of Research Services at Lipper and research analyst Matthew Lemieux
found that net inflows for bond
funds (+$20.6 billion) and money
market funds (+$54.9 billion) easily
offset the $22.3-billion redemptions
from stock & mixed-equity funds
during the month of November.
Roseen reports that for the seventh consecutive month
investors were net redeemers of
USDE Funds, pulling out $13.4
billion. Large-cap funds (-$10.1
billion) experienced their thirtieth
consecutive month of outflows.
For November institutional
investors once again made net
purchases (+$2.7 billion) of World
Equity Fund assets, while investors
in loaded funds and no-load funds
withdrew a net $3.8 billion and $2.7
For the third consecutive month
bond funds (+$20.6 billion)
witnessed net purchases, and for
the first month in four money
market funds saw net inflows
Roseen put the gloomy picture for funds down to the difficulties in the investment markets. "Equity funds were on a wild rollercoaster ride during the month as new
European debt concerns sent investors running toward the doors.
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