Investors put $5.7 billion into stock mutual funds for the week ending Wednesday, adding to the $127 million in inflows recorded the week before, according to AMG Data Services, The New York Times reports. Much of that money went to riskier types of stock funds, including $472 million to technology funds and $1.1 billion into large-company growth funds.
The inflows into stock funds was the biggest since the $7.9 billion for the week ended April 17. Nonetheless, outflows from stock funds year-to-date have been $49 million.
Investors also put $856 million into taxable bond funds, with high-yield corporate securities taking in $555 million and investment-grade corporate bonds gaining $259 million.
Meanwhile, investors withdrew $27.7 billion from money market funds and $62 million from municipal bond funds.