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Stock Mutual Funds Gathered $5.73 Billion Last Week, ICI Reports

Stock mutual funds in the U.S. gathered $5.73 billion in net deposits last week as investors added money to equities since the start of the year.

Domestic stock funds collected $509 million and funds that invest in international equities got $5.21 billion in the week ended Feb. 13, the Investment Company Institute said today in an e-mailed statement. Taxable fixed-income funds received $4.01 billion in investor money and municipal bonds took in $840 million, the Washington-based trade group said.

To contact the reporter on this story: Sree Vidya Bhaktavatsalam in Boston at sbhaktavatsa@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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