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In a booming market that enjoys a net inflow of $27 billion a month into stock funds, successful stock pickers are worth millions of dollars.
Hybrid funds had a net inflow of $10 billion, with assets stable at $346 billion.
The only sector in favor was corporate bonds, with a net inflow of $4.4 billion.
(In the last quarter of 2010, there was a net inflow of $656m).
The private banking business also reported a net inflow of 1.5 billion Swiss francs ($1.1 billion) in customer assets.
To cover that deficit, America must attract a net inflow of $1.3 billion in foreign money every day.
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Of that total, £1.9bn is managed for third-party investors, with a net inflow to that part of the business of £88m.
BarclayHedge reports that there was a substantial net inflow of $4.5 billion into arbitrage funds in 2010, with their net assets going to $31.4 billion from $26.9 billion.
But ensuring a continuing net inflow of migrants into the cities as the youngest cohort shrinks will mean giving workers from the countryside more incentives to stay permanently (such as affordable housing and schooling).
Changing UK immigration and asylum trends – in particular a greater net inflow of migrants from New Commonwealth and non-Commonwealth Africa, Asia, and Latin America [ 1] – are posing new challenges for service providers [ 2], especially in inner-city London to which migration is greatest [ 3].
They would be even bigger but for an assumed net inflow of over 1m (mostly young) migrants a year.In this section Win some, lose some Home on the range Twenty years young Disease or cure?
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