FYI: U.S. fund investors steered
cash into bonds during the most recent week, taking advantage of
the higher returns made possible by a selloff in debt markets,
Investment Company Institute (ICI) data showed on Wednesday.
U.S.-based bond funds attracted $6.5 billion during the week
ended Oct 3, marking the largest figure in three weeks and a
33rd straight week of positive net sales for that category, the
trade group said. Stock funds, by contrast, counted $4.3 billion
in withdrawals, the most in four weeks.
Regards,
Ted
https://www.reuters.com/article/usa-mutualfunds-ici/table-u-s-bond-funds-attract-most-cash-in-three-weeks-ici-idUSL2N1WQ2BM
