FYI: Investors jumped back into mutual funds and exchange-traded funds that hold U.S. stocks last week by sending approximately $11.8 billion in net assets into the category, the greatest weekly surge into domestic equities since early June, according to data released Wednesday by the Investment Company Institute.
The money flowing into stock funds came as the Federal Reserve cut interest rates last week as expected, helping further a rally that has pushed the benchmark S&P 500 stock index up 18.5% since the beginning of the year.
Regards,
Ted
https://www.reuters.com/article/usa-funds-ici/investors-race-into-us-stock-funds-with-largest-weekly-surge-since-june-idUSKBN1WA27W
