Whew! Mutual funds finally are back in favor; March inflows the highest in history.(Mutual Fund Report)

Investment News, May, 2006

Byline: Frederick P. Gabriel Jr. BOSTON - The $9.2 trillion mutual fund industry is back in favor among investors after being chastened by the bursting of the technology bubble at the start of the decade and an industrywide scandal that erupted a few years later. Investors poured a net $34 billion into U.S.-based stock funds in March, making it the best March in history, according to an estimate by New York fund researcher Lipper Inc.

Net flows into stock funds during the recent first quarter totaled $94 billion, the second-best total for any quarter - behind the first quarter of 2000, when $113.4 billion flowed into such funds, Lipper said. The torrent of money flowing into mutual funds is having a profound effect on the fund industry. ...

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