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Friday, June 28, 2013

More Cash Flows To Stock Mutual Funds

News summary by MFWire's editors

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.

To read more, click here

Edited by: Casey Quinlan


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