MUTUAL FUNDS | A buying opportunity
$3.4 TRILLION Net assets in stock funds, down 20% since March 2000.
$20.6 BILLION Net outflow from stock funds in March 2001, the largest monthly dollar outflow on record.
276 POINTS Gain in the Nasdaq Composite for April 2001, the eighth-biggest one-month point increase in the history of the index.
28% Percentage of shareholders who contacted a mutual fund company in 2000 to redeem shares, up from 24% in 1999.
$204 BILLION Value of stock-fund shares redeemed from October through December 1999, the last full quarter of the bull market.
$263 BILLION Value of stock-fund shares redeemed in the first quarter of 2001.
KING & COUNTRY INTERVIEW INTERVIEW OONA KING SAYS THAT GORDON
IT is Sunday, March 23, 1997, and Oona King has just been selected as the Labour candidate for Bethnal Green and Bow, an east London constituency with a huge Muslim population. She is 29 years old and feels many things all at once. Astonishment. Joy. Mostly, though, relief. She is relieved that her life is going to turn out the way she has planned. Since she was a small child, her whole existence has been geared towards becoming a Labour MP and, eventually, prime minister. Blame her mother, the teacher and single parent. Blame her father, the exiled son of a family of African- American civil rights activists. Whatever the reason nature, nurture or simple ego King has never doubted her destiny. The mother of all parliaments had better brace itself for a new and driven daughter.
