Clearly investors are not interested in stocks. |
Considering what took place in the market during August, it's not surprising to see a slowdown in fund flow. |
Domestic equity inflows are picking up modestly. |
For September, domestic funds are performing pretty much as usual. Based on our activity so far, we're looking at an in flow of $20 billion for equities. |
International funds have taken in more money than the traditional open-end funds in the domestic area, although they have far less in assets. |
March looks like a fairly spectacular month. |
People are not scared by the downturns. Their biggest anxiety is missing out on the rally. |
That's a vote of confidence in the market to me. |
The flows tend to follow the rallies. |