Stock and bond mutual funds netted $110 billion in flows in January and February, the largest amount they have ever taken in during the first two months of the year,
International equity funds took in the largest amount of cash, netting $27 billion in January and $20 billion in February. In February, bond funds had $14 billion in inflows, while equity and balanced funds reaped $20 billion.
“These record net flows early in 2007 mirror an extraordinary confidence in mutual funds, and suggest that the periodic fluctuations in stock prices worldwide, unless spiraling downward, will not reverse fund investor attitudes and choices in the near term,” said Avi Nachmany, Strategic Insight director of research.
