TrimTabs Investment Research reported today that U.S. equity mutual funds and exchange-traded funds gathered $34.4 billion in July through Wednesday, July 17, which is the second-highest inflow on record, according to the Sausalito, Calif.-based research shop.
Global equity mutual funds and exchange-traded funds took in $9.2 billion in July. TrimTabs also reported that outflows from bond funds have slowed dramatically. Bond mutual funds and exchange-traded funds have redeemed $9.4 billion in July after losing a record $67.9 billion in June.
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