Keeping Track: stock-fund inflows
Investors remain wary of the market
If the flow of fresh cash into stock mutual funds is any indicator, then a stock market revival may be a bit further off than analysts had hoped. New cash inflows fell to $4.7 billion in February, down from $20 billion in January, according to the Investment Company Institute.
Many investors, apparently unimpressed with the market's weak performance, opted to move their money into bond funds, which saw cash inflows increase by a modest amount from January to February. More than 93 million shareholders hold a total of $6.9 trillion in assets in US-based mutual funds.