Net sales for stock and fixed-income mutual funds in November were down by more than 50 percent compared to October, according to Financial Research Corp. of Boston.

Net sales into stock and bond funds totaled $4.5 billion in November, down from $10.7 billion in October and $20.1 billion in November 1998, according to estimates from FRC, a mutual fund tracking and consulting firm. November flows into equity funds were $7.7 billion, down from $9.6 billion in October and nearly $13.6 billion for November 1998. FRC issued its estimates Dec. 29.

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