Long-term mutual funds took in inflows for the 43rd straight week, netting $10.61 billion in the week ended Jan. 6, according to the Investment Company Institute. Over the past nearly 11 months, beginning at the nadir for the markets on March 9, funds have taken in a total of $427 billion.
Investors poured $2.04 billion into stock funds, after redeeming another $982 million a week earlier. U.S. equity funds lost $742 million, and foreign equity funds reaped $2.79 billion.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access