Stock Funds Get $1.48 Billion in First Deposits Since April
This article is for subscribers only.
U.S. investors put $1.48 billion into stock mutual funds in the week ended Aug. 17, the first deposits in four months, according to the Investment Company Institute.
Customers pulled $3.1 billion from U.S. mutual funds that buy bonds, the fourth straight week of withdrawals from fixed income, the Washington-based trade group said today in an e-mailed statement. U.S. stock funds collected $1.13 billion during the week ended Aug. 17.