Fund Inflows Continue Blistering Pace

Mutual-fund investors haven't kicked their growth and technology habits.

With one day to go in March, estimates from industry observers and fund families indicated Thursday that flows out of value-oriented and fixed-income funds have moderated some. But overall, investors are showing the same penchant for high-risk/high-return approaches to the market, said Carl Wittnebert, director of research for financial Web site Trimtabs.com. It estimates investors have dumped an additional $36 billion into aggressive-growth funds this month and taken $7.3 billion and $8.8 billion out of growth-and-income and fixed-income offerings, respectively.