TrimTabs.com Investment Research claims investors threw $600 million into stock-based mutual funds last week, Dow Jones Business News reports. However, that is significantly down from the $2.9 billion in inflows the funds showed during the previous week. Stats were for the week ending Wednesday July 16.
Bond based mutual funds on the other hand were up, adding $2 billion in the week, up from $1.3 billion the week prior. Domestic stock funds had $2.9 billion in inflows, an increase of $700 million from a week earlier, while international stock funds had outflows of $2.4 billion, a reversal of the $800 million in inflows a week ago.
TrimTabs.com is based in Santa Rosa, Calif. and directly tracks the cash flow of 679 stock funds and 291 bond funds.