International funds have taken in more money than the traditional open-end funds in the domestic area, although they have far less in assets.
That's a vote of confidence in the market to me.
Considering what took place in the market during August, it's not surprising to see a slowdown in fund flow.
People are not scared by the downturns. Their biggest anxiety is missing out on the rally.
For September, domestic funds are performing pretty much as usual. Based on our activity so far, we're looking at an in flow of $20 billion for equities.
