U.S. Stock Funds Post Outflow For Aug.; First Since August 2004; Overall flow was positive as world equity funds remained in the black.(MUTUAL FUNDS)(INVESTMENT TRENDS)

Publication: Investor's Business Daily

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COPYRIGHT 2005 Investor's Business Daily, Inc.

Byline: MURRAY COLEMAN

As the stock market slid in August, investors trimmed their contributions to stock mutual funds.

New money coming in minus redemptions netted $6.31 billion flowing into stock funds last month.

That was nearly half the yearly average. It was also down from July's $9.95 billion inflow, said the Investment Company Institute.

"This is normally a fairly slow period," said Doug Hanson, vice president of Charles Schwab & Co.'s asset management unit. "What we're seeing is consistent with what's going on in the markets."

The Nasdaq fell 1.5% in August and the S&P 500 1.12%. The previous...

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