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ICI: U.S.-Based Funds Net Most Cash In More Than 3 Years

TedTed
in The Bullpen
FYI:
Investors poured cash into
U.S.-based mutual funds and exchange-traded funds at the fastest
pace since 2013 during the latest week, Investment Company
Institute data showed on Wednesday, funneling $24.3 billion into
the market.
That figure is the largest since Oct 23, 2013, and comes as
investors showed a strong desire for all kinds of financial
assets, from stocks to bonds and gold, just a few weeks into the
term of a new U.S. president and Congress with an unformed
policy agenda.
Regards,
Ted
http://www.reuters.com/article/usa-mutualfunds-ici-idUSL1N1FT0XS
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