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Bullwinkle

12/22/06 11:40 PM

#17675 RE: Bullwinkle #17534

EQUITY/BOND Fund Flows for Week of Dec 22nd

NOTE: 4 consecutive weeks of Equity Outflows...

Dec 20- Equity Fund Outflows -$10.5 Bil; Taxable Bond Fund Inflows $1.5 Bil
(xETFs - Equity Fund Outflows -$2.8 Bil; Taxable Bond Fund Inflows $1.2 Bil)

Dec 13- Equity Fund Inflows $921 Mil; Taxable Bond Fund Inflows $651 Mil
(xETFs - Equity Fund Outflows -$9.0 Bil; Taxable Bond Fund Inflows $309 Mil)

Dec 6- Equity Fund Outflows -$3.2 Bil; Taxable Bond Fund Inflows $586 Mil
(xETFs - Equity Fund Outflows -$3.3 Bil; Taxable Bond Fund Inflows $953 Mil)

Nov 29- Equity Fund Outflows -$5.4 Bil; Taxable Bond Fund Inflows $754 Mil
(xETFs - Equity Fund Outflows -$425 Mil; Taxable Bond Fund Inflows $681 Mil)

Flows: Dec 20
Independent Data on Fund Flows & Holdings


• Including ETF activity, Equity funds report net cash outflows totaling -$10.499 billion in the week ended 12/20/06 with • Domestic funds reporting net outflows of -$13.241 billion and Non-domestic funds reporting net inflows of $2.742 billion;
• Excluding ETF activity, Equity funds report net cash outflows totaling -$2.788 billion with domestic funds reporting net outflows of -$4.422 billion and Non-domestic funds reporting net inflows totaling $1.633 billion;
• Exchange Traded (Equity) funds report net outflows of -$7.710 billion with the largest flows:
-$7.679 Bil from the SPDR Tr Series I fund;
-$1.618 Bil from the iShares Russell 2000 Index fund;
$668 Mil to the iShares MSCI EAFE Index fund;
$518 Mil to the Nasdaq-100 Index Tracking Stk fund;
• Excluding ETF activity International funds report net outflows of -$338 million;
• Excluding ETF activity Taxable Bond funds report net inflows totaling $1.166 billion;
• Money Market funds report net cash inflows totaling $2.186 billion;
• Municipal Bond funds report net cash inflows of $260 million.

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