FYI: Cash gushed into taxable bonds and international stocks from U.S. fund investors for a 32nd straight week, according to Investment Company Institute (ICI) data on Wednesday, creating a hurdle for domestic stocks.
World stock mutual funds and exchange-traded funds tracked by the trade group attracted $5.1 billion during the week, while $4.4 billion moved into taxable-bond funds, ICI said. Domestic equity funds bounced back from $11.6 billion in withdrawals the week prior but remained out of favor.
Regards,
Ted
http://www.fa-mag.com/news/u-s--fund-investors-steer-clear-of-domestic-stocks--says-ici-33763.html?print
