Tags: cash | surge | Mutual | Fund

Cash Continues to Surge into Mutual Funds

Tuesday, 12 Mar 2013 04:02 PM

The newfound confidence that investors showed at the start of the year held up through February.

Stock mutual funds continued to attract cash, although at a slower pace than in January. Bond funds also drew new money, putting the industry on track to potentially set a quarterly record for overall fund flows.

Industry consultant Strategic said that a net $6 billion was deposited into U.S. stock funds in February. That's down from $26 billion the previous month. Withdrawals had exceeded deposits for 10 months in a row before January.

Bond funds have consistently attracted cash in recent years, and that trend continues in 2013. Net deposits into bond funds totaled $22 billion last month, down from $42 billion in January.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Markets
The newfound confidence that investors showed at the start of the year held up through February.
cash,surge,Mutual,Fund
120
2013-02-12
Tuesday, 12 Mar 2013 04:02 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved