Investors added $600 million to stock-based mutual funds in the week ending last Wednesday, according to data from TrimTabs.com, Dow Jones reports. The week before, inflows stood at $2.9 billion.
TrimTabs also stated that investors added $2 billion dollars to bond-based mutual funds, which was significantly above the inflow of $1.3 billion that came a week earlier. Hybrid funds, with a mix of stocks and bonds, had inflows of $100 million for the fourth week running.
Investors pulled a significant amount, $2.4 billion, out of international stock funds, whereas the week before these funds attracted net inflows of $800 million.
TrimTabs, a Santa Rosa, Calif., based firm, tracks the cash flow of 679 stock funds and 291 bond funds through a computer model to arrive at its estimates.
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.