Outflows from stock mutual funds topped $11 billion, according to the Investment Company Institute. Lipper earlier put the figure at $8 billion (see MFMN 3/24/03).

Outflows from equity funds have continued each month since June 2002, with the exception of November, when stock funds took in $6.95 billion, the ICI said.

ICI's figure of $19.6 billion for net inflows into bond funds agrees with Lipper's figure of $19 billion.

Copyright 2003 Thomson Media Inc. All Rights Reserved.

(http://www.mfmarketnews.com)

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