For the first time in a year, large cap stock mutual funds are seeing net inflows. In its February monthly activity report released today, Schwab revealed
that $71.5 million net flowed into large cap mutual funds via Schwab's brokerage and mutual fund businesses. The last positive quarter was February 2011, with $279.9 million of net inflows, followed 11 straight months of net ouflows, peaking at $1.345 billion in July [see the full report
Net outflows from small- and mid-cap mutual funds slowed to $7.9 million in February 2012, down from 49 percent from January, and money market outflows slipped 22.3 percent to $2.3596 billion. Inflows into tax-free and taxable bond funds rose.
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