Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.
  • Exclusive Online Only Content
  • Free Daily Email News Alerts
  • Asset Management Blogs

U.S. Stock Funds Gain Again

Mutual funds that invest in U.S. stocks kicked up again, picking up $3.5 billion in the week ended January 23, according to the Investment Company Institute.

They have now picked up $16.1 billion in a three-week period, according to ICI statistics, a strong start after 25 weeks of declines.

Since the start of 2007, investors have fled domestic stock funds, pulling out $604 billion. Analysts have been watching for signs that a “Great Rotation” back from bond investing into stocks is underway.

All told, mutual funds picked up $16.3 billion for the week ended Wednesday, January 23.

Bond funds picked up $8.0 billion. Equity funds, combined U.S. and international funds, picked up $6.4 billion. Funds that invest in both stocks and bonds picked up $1.9 billion.