13 Sep 2002 Market Stability Gradually Improving
Posted at 14:03h in The Friday BriefYou know from your July and August statements just how badly the markets mistreated long-term investors. A few statistics from Credit Suisse First Boston help put the period into even better perspective. A record $29 billion was removed from mutual funds in July 2002. Stock funds experienced record outflows, while bond funds enjoyed record inflows. Net outflows from equity funds in July 2002 were almost twice as large as those during September 2001, and more than five times larger than those during August 1998. Every style of equity funds was affected by investors’ withdrawals in July.