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Friday, November 7, 2008

Fund Flows Finally Swing Positive

by: Neil Anderson, Managing Editor

The final week leading up to the presidential election brought investors back to equity-based mutual funds. CNNMoney.com's Kenneth Musante reports that, according to TrimTabs' data, equity fund in-flows were $2.2 billion for the week that ended Wednesday, a positive shift for the first time since July 23.

Will that trend continue, though, in the wake of Wednesday and Thursday's losses? TrimTabs CEO Conrad Gann isn't sure.

"Retail investors don't have the best timing," Gann told CNNMoney. "They basically got burned over the last few days." 

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