Keeping track: bouncing back into funds
Investors scatter in March, but slowly return
While investors pulled a record amount of assets out of stock mutual funds in March, they warmed up to the market soon thereafter. Stock funds had a net inflow in April, and got another $17.3 billion boost in May, according to the Investment Company Institute.
Investor steered their dollars into domestic stock funds during May, the ICI indicates, while overseas funds had a net outflow of $2.5 billion.
Investors now hold more than $7 trillion in assets in mutual funds. More than half of that amount lies in stock funds, nearly a third is in money market funds, with the rest in bond funds.
(c) Copyright 2001. The Christian Science Monitor