After withdrawing $3.42 billion from U.S. equity funds in December, investors poured $7.23 billion into them in January, possibly signaling a reversal in the long interest in global and emerging markets funds, Investor’s Business Daily reports.
Meanwhile, investors’ interest in international funds slowed to $21.11 billion in January, down from $23.5 billion in January 2005. Most notable was the flows to emerging-markets funds: $1.7 billion, 50% less than the $3.4 billion they reaped in January 2005.
“If the global markets keep correcting, that could be very good for U.S. stocks, as [investors] will want to put their money back into U.S. markets,” said Charles Biderman, president of
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
