Equity Fund Outflows -$1.1 Bil; Taxable Bond Fund Inflows $2.3 Bil
xETFs – Equity Fund Inflows $1.5 Bil; Taxable Bond Fund Inflows $1.4 Bil

05/21/2008

Including ETF activity, Equity funds report net cash outflows totaling -$1.063 billion in the week ended 5/21/08 with Domestic funds reporting net outflows of -$2.865 billion and Non-domestic funds reporting net inflows of $1.802 billion;

Excluding ETF activity, Equity funds report net cash inflows totaling $1.475 billion with Domestic funds reporting net inflows of $1.040 billion and Non-domestic funds reporting net inflows totaling $436 million;

Exchange Traded (Equity) funds report net outflows of -$2.538 billion with the largest flows:
-$1.26 Bil from the SPDR Tr Series I fund;
-$1.2 Bil from the iShares S&P 500 Index fund;
-$933 Mil from the PowerShr QQQ fund;
-$624 Mil from the iShares Russell 2000 Index fund;

Excluding ETF activity International funds report net inflows of $321 million as Emerging Markets Equity funds report net inflows of $262 million;

Excluding ETFs Real Estate funds report net inflows ($196 Mil) for the eighth consecutive week with more funds reporting net inflows (150) and fewer funds reporting net outflows (78) than any week since 2/21/2007;

Excluding ETF activity Taxable Bond funds report net inflows totaling $1.391 billion as net inflows are reported to all sectors except Government Bond funds investing in Mortgage-backed securities;

Excluding ETFs High Yield funds report net inflows ($179 Mil) for the eighth consecutive week for the first time since 2/21/2007;

Money Market funds report net cash inflows totaling $21.971 billion;

Municipal Bond funds report net cash inflows of $815 million.