US-based stock funds attract $2.6b in latest week: ICI
Friday, 29 August 2014
NEW YORK, Aug 28 (Reuters): Investors in US-based funds poured $2.6 billion into stock funds in the week ended August 20 on a rebound in risk appetite, data from the Investment Company Institute showed on Wednesday.
The inflows were the biggest since April, according to the data from ICI, a US mutual fund trade organisation. Funds that specialise in US stocks attracted $738 million, marking their first week of new money since April. Bond funds attracted $5 billion, marking their biggest inflows since early May.