Mutual Funds See Record Flows as a Result of Fed's Deep Discount
by:
Erin Kello
The Fed's 50 bps cut has had quite an effect on mutual fund inflows. Reuters reports that TrimTabs Investment Research found that on Tuesday investors put $10.4 billion into U.S. equity funds, the second-largest single day amount ever recorded. To put this in perspective TrimTabs says that in the whole month of July, stock funds took in $10.75 billion.
Subscribe to MFWire.com's News Alerts [click]
Email & Route 
Print 
Raw XML
