So Far This Year Savvy Investors Poured $24-B Into Stock Funds
Friday, it was reported that stock funds took in $24-B in the 1st week of Y 2018, the 6th-biggest inflow ever and the most in at least 6 months.
Stock-based funds raked in $24.4-B for the week through Wednesday, a total that Bank of America Merrill Lynch’s called it “blockbuster.”
So, goes the 1st week in January, so goes the market.
And, more than $2.6-B flowed into high-yield bond funds during the week ended 10 January, according to Lipper Fund Flows data released Thursday, as investors looked to get a piece of a junk-debt rally already blowing through year-end forecasts.
The inflows, which were the sector’s highest since December 2016, according to the data, come as junk spreads narrowed to the tightest since Y 2007. They have been spurred by a growing economy, easy credit conditions for troubled companies and investors seeking higher payouts in a low-rate environment.
Have a terrific weekend.