Mutual funds that invest in U.S. stocks kicked up again, picking up $3.5 billion in the week ended January 23, according to the Investment Company Institute.
They have now picked up $16.1 billion in a three-week period, according to ICI statistics, a strong start after 25 weeks of declines.
Since the start of 2007, investors have fled domestic stock funds, pulling out $604 billion. Analysts have been watching for signs that a “
All told, mutual funds picked up $16.3 billion for the week ended Wednesday, January 23.
Bond funds picked up $8.0 billion. Equity funds, combined U.S. and international funds, picked up $6.4 billion. Funds that invest in both stocks and bonds picked up $1.9 billion.
