Way up from the $6.16 billion inflow from a month earlier, July's inflow was just less than $11.9 billion, 2005's monthly average. Experts said that investors warmed to rising markets in July and pumped $10.08 billion of new money into stock mutual funds.

"Equity inflow in July was healthy," Vincent Loporchio, a Fidelity Investments spokesman, told Investor's Business Daily. "It was the strongest equity inflow month for us since February."

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