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The 2002 pace is well above the average annual fund flow of just $84 million since 1992, according to AMG Data Services.
Irrationally or not, some investors who were on the sidelines have become emboldened enough by the rally to start buying stocks, fund flow data shows.
As of Dec. 2 they had taken $9.8 billion out of Latin America, according to fund flow data compiled by Morgan Stanley research.
The information flow, material flow and fund flow in the gold mine enterprise have been optimally integrated, and the processes of production and management have been optimally controlled and supervised.
The average fund flow into what turned out to be the worst-performing sector over the subsequent 12-month period was $166m; the average flow into the best was only $72m.Perhaps investors get led astray by the advice they receive.
David R. Kotok, chief investment officer at Cumberland Advisors, said the recent fund flow data validated "the distrust of Wall Street and the stock market by the large class of the investing public that uses mutual funds".
Similar(32)
We find that (i) investor sophistication, (ii) market discipline via fund flow-performance relation, and (iii) the threat of dismissal in outsourced funds work as substitutes for explicit performance-based incentives, but do not find evidence on the substitution effect for fund ownership by portfolio managers.
Strong fund flows, however, often herald significant bear markets.
In particular, he studies fund flows and examines how fund flows affect asset prices domestically and internationally.
ETF Global Provides profiles, fund flows, risk factors, and constituents of exchange traded funds.
We mentioned the fund flows before.
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