Individuals moved into the funds to reduce tax exposure after taking gains in stocks and bonds.
Typically, the firm takes large positions in small, lightly traded stocks, often making it one of the largest single holders of a company's shares.
It is much easier, psychologically, for people to realize their gains than to take their losses in stocks they have picked.
Is it time to take profits in biotech stocks, or is there more growth left?
The big profit taking in high-tech stocks was accompanied by a smaller selloff in many other issues.
Markets Investors continued to take profits in blue-chip stocks, sending the Dow Jones industrial average down 4.46 points, to 2,333.75.
Taking some losses in retail stocks helped to reduce the tax their fund holders must pay.
Day traders often use borrowed money to take advantage of small price movements in highly liquid stocks or indexes.
This, in turn, the planners hope, will enable French stockbrokers to become market-makers and capable of taking big positions in stocks.
I could not carry on managing a fund if I did not take positions in stocks, bonds and currencies.