Cash invested in U.S. stock funds spiked last week, according to a report released yesterday by TrimTabs Investment Research.
Equity mutual funds posted inflows of $11.9 billion for the week ended April 8, the Sausalito, Calif.-based research firm found. The funds saw inflows of $3 billion the previous week.
Funds that invest primarily in domestic stocks took in the lion’s share of the cash, with net inflows of $11.1 billion.
Funds focused largely on non-U.S. stocks posted inflows of $844 million, the firm reported.
Bond funds also had positive sales with inflows of $1.7 billion for the week, though that was down from $6.8 billion the previous week.
Hybrid funds, which invest in both stocks and bonds, had inflows of $361 million for the most recent week, compared with $409 million the previous week.
Exchange traded funds that invest in U.S. stocks, on the other hand, posted their second consecutive week of net outflows, shedding $1.4 billion.
At the same time, ETFs that invest in non-U.S. stocks had inflows of $1.9 billion for the week, up from $502 million during the previous week.
2009-04-11
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