According to Lipper Inc., a fund-tracker, U.S. investors exhibited more...

According to Lipper Inc., a fund-tracker, U.S. investors exhibited more caution in November, with the majority of the month's $60 billion in net inflows being invested into taxable money-market funds. In total, bond and money market funds reportedly attracted approximately $52 billion in net new money for the month, a notable increase from the $26.1 billion in inflows for October. Donald Cassidy, senior research analyst and flows specialist at Lipper, noted that while buying activity had decreased, selling had also dried up, resulting in substantial inflows into money market funds, which millions of indecisive investors invest in each month through payroll deductions. During the month, investors added an estimated $8.6 billion to stock funds, compared with $15.4 billion in October. U.S. equity funds contributed to the month's positive flows, attracting $11.6 billion, while world equity funds saw a loss of $4.4 billion.

Thursday, 21 December, 2000