AMGDATA for the week ending August 3, 2005

[HenryTo]

Fund inflows/outflows data according to amgdata.com. Huge inflows to equity funds for the weekend ending Wednesday, mostly to non-U.S. equities, real estate, and the Russell 2000:
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Equity funds report net cash inflows totaling $3.524 billion, including ETF activity, and inflows totaling $885 million% excluding ETF activity in the week ended 8/3/05;

Excluding ETF activity 80% of Equity fund inflows went to funds investing in Non-domestic securities ($705 Mil);

International Equity funds report net inflows of $1.228 Bil ($673 Mil xETFs) with all Emerging and Developed regions reporting net inflows;

Real Estate funds report inflows of $924 million ($135 Mil xETF activity);

Excluding ETF activity, Real Estate funds report inflows for the 15th consecutive week for the first time since 12/17/03 with more funds reporting inflows (134) and fewer funds reporting outflows (54) than any week since 1/26/05;

Largest ETF activity reported:
$1.408 Bil to the iShares Russell 2000 Index fund;
$526 Mil to the iShares DJ US Real Estate Index fund;
$263 Mil to the iShares C&S Realty Majors Index fund;
$238 Mil to the iShares MSCI Emerging Markets Index fund;
-$336 Mil from the Select Sector SPDRs Energy fund;

Taxable Bond funds report net cash inflows totaling $905 million ($736 Mil xETFs) with the largest inflows reported by Investment Grade Corporate Bond funds ($499 Mil; $527 Mil xETFs);

High Yield Corporate Bond funds report flat flows (-$3 Mil) although more funds report inflows (212) and fewer funds report outflows (167) than any week since 6/1/05;

Treasury funds report net inflows of $236 million ($40 Mil xETFs);

Money Market funds report net inflows of $4.034 billion;

Municipal Bond funds report net cash inflows totaling $366 million, the 12th consecutive week of inflows to the sector.