While investors shunned stock mutual funds in 2009 despite their dramatic comeback, they may finally be poised to return to the stock market via long-term funds, The Wall Street Journal reports.
In the first quarter of this year, investors placed $19 billion into stock funds, compared to $41 billion in redemptions a year ago. Since their March 9, 2009 low, the Dow Jones Industrial Average and the S&P 500 Index have risen 70%.
Throughout 2009, asset managers were talking “blue in the face about the once-in-a-lifetime opportunities [in stocks]” but clients wouldn’t listen, said Gary Flam, a portfolio manager with
That will be good news, overall, for stock investors, said Robert Adler, head of