Investor confidence in the financial markets is slowly improving, as a recent report showed equity mutual fund flows hit their highest level in more than a year.
Investors added an estimated $19.5 billion to equity funds in June, according to Denver-based fund-tracking firm Lipper. That represents the largest monthly inflow since the nearly $29 billion inflow in March 2002. Overall, mutual funds took in $44 billion in assets in June. Still, the buying was not overly optimistic, as the types of funds chosen for investment reflected what Lipper described as "broad underlying caution."