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ICI: Investors Sent Net $3.99 Bln Into U.S. Stock Mutual Funds, ETFs Last Week

TedTed
in The Bullpen
FYI: Investors sent a net $3.99
billion into mutual funds and exchange-traded funds that hold
U.S. stocks last week, marking a second consecutive week of
inflows into the domestic stock market, according to data
released on Wednesday by the Investment Company Institute.

The move back into the U.S. stock market came amid a rally
that has sent the benchmark S&P 500 up by 17%
year-to-date. It has been supported by a dovish Federal Reserve,
hopes of a U.S.-China trade resolution and largely upbeat
earnings.
Regards,
Ted
https://www.reuters.com/article/usa-mutualfunds-ici/investors-sent-net-3-99-bln-into-u-s-stock-mutual-funds-etfs-last-week-ici-idUSL1N2261HS
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