Fundsters saw better flows in November than at any time since Lehman Brothers'
fall in September, notes Sam Mamudi in Thursday's
Wall Street Journal Fund Track
data show that stock funds recorded outflows of $26.4 billion and bond funds saw $16.7 billion of outflows. Money market net flows, meanwhile, came in at $121.6 billion.
Flows were better in November despite poorer market performance for much of that month versus October.
"Maybe we're seeing people dabble back in the market," Lipper senior research analyst Tom Roseen
told Mamudi. "I think people might be testing the water to see if we're at the end of the turmoil -- not the end of the recession, but to see if they can catch the market as it's on the way up."
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