Huge Money is Flowing into US Stock Funds
#stock #funds #money
Investment flows into US stock funds rose to a 5-wk high at the wk ended 17 March driven by optimism over a massive stimulus package and on investor expectations that the Feds monetary policy will remain Dovish for a 'long time' as stated.
US equity mutual funds took a net inflow of $20.1-B in the wk, which marked a 6th wk running of net buying, data from Refinitiv Lipper showed.
The inflows were led by US small cap funds and mid-cap funds, seeing net purchases of $3.6 and $2.1-B respectively. On the other hand, big-cap funds had an inflow of just $251-M.
Among sector funds, investors turned net buyers of tech funds this wk, purchasing $832-M, as tech stocks appeared attractive at lower valuations after the sharp selling during the previous wks.
Have a healthy week, Keep the Faith!
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