NEW YORK (TheStreet) -- The rally in the first few days of the new year proved too tempting to resist.
After months of outflows, mutual funds actually saw investors put money into equity funds last week. According to the Investment Company Institute, long-term mutual funds investing in stocks took in $1.43 billion in the week ended Jan. 11. Funds investing in U.S. stocks got $753 million, while international equity funds swelled by $681 million.
To put that in perspective, equity funds experienced outflows of $25.07 billion in the previous four weeks, and have been running negative overall since May.
ICI, which bases its numbers on data collected covering more than 95 percent of industry assets, said bond and hybrid funds (investing in both bonds and stocks) were still more popular, amassing inflows of $7.89 billion and $1.95 billion respectively, but it's still a sign that at least some investors are starting to back up the general bullish sentiment out there with their money. . .
After months of outflows, mutual funds actually saw investors put money into equity funds last week. According to the Investment Company Institute, long-term mutual funds investing in stocks took in $1.43 billion in the week ended Jan. 11. Funds investing in U.S. stocks got $753 million, while international equity funds swelled by $681 million.
To put that in perspective, equity funds experienced outflows of $25.07 billion in the previous four weeks, and have been running negative overall since May.
ICI, which bases its numbers on data collected covering more than 95 percent of industry assets, said bond and hybrid funds (investing in both bonds and stocks) were still more popular, amassing inflows of $7.89 billion and $1.95 billion respectively, but it's still a sign that at least some investors are starting to back up the general bullish sentiment out there with their money. . .
No comments:
Post a Comment