Investors race into U.S. stock funds with largest weekly surge since June
Investors jumped back into
mutual funds and exchange-traded funds that hold U.S. stocks
last week by sending approximately $11.8 billion in net assets
into the category, the greatest weekly surge into domestic
equities since early June, according to data released Wednesday
by the Investment Company Institute.
The money flowing into stock funds came as the Federal
Reserve cut interest rates last week as expected, helping
further a rally
mutual funds and exchange-traded funds that hold U.S. stocks
last week by sending approximately $11.8 billion in net assets
into the category, the greatest weekly surge into domestic
equities since early June, according to data released Wednesday
by the Investment Company Institute.
The money flowing into stock funds came as the Federal
Reserve cut interest rates last week as expected, helping
further a rally
Posted by Reuters