US Equity Funds Attract $12 Billion Of New Cash

US Equity Funds Attract $12 Billion Of New Cash
US Equity Funds Attract $12 Billion Of New Cash
US Equity Funds Attract $12 Billion Of New Cash reuters.com

The bull market rages on! Investors' appetite for risk was on display this week as US-based equity mutual funds attracted $1.45 billion of net inflows, their third straight week of inflows.

In U.S.-based equity funds attract $12 billion of new cash in latest week by Jennifer Ablan on Reuters.com she reports that:

Moving in sympathy with equities, U.S.-based high-yield junk bond funds attracted $2.65 billion in the week ended Wednesday, their second straight week of inflows. And U.S.-based investment-grade corporate bond funds attracted $4.16 billion in the week ended Wednesday, extending their weekly inflow streak since September, Lipper said.

Major indexes have hit a series of record highs since the start of the year and the S&P 500 is up 3.5 percent since Dec. 31.

“Obviously a strong week for funds, inflows just about across the board,” said Pat Keon, senior research analyst at Thomson Reuters Lipper.

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Read the source article at reuters.com

 


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