U.S. stock ETFs saw major outflows last week, at the tune of $6.6 billion, but individual investors have not fled stock mutual funds, in fact they're flocking to them, WSJ
's Alexandra Scaggs reported. Investors brought $282 million to U.S. stock mutual funds during the same period. For the first two weeks of June, outflows were as high as $709 million.
Equity income stock ETFs bled $158 million, the greatest outflows since December of last year. Despite volatility abroad, mutual fund investors invested more in global stocks, with 1.2 billion flowing into international stock mutual funds.
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