Domestic stock funds experienced $3.7 billion in outflows in the month of February, according to a Morningstar
report. Associate director of fund analysis Sonya Morris
reported that all other major asset classes took in new assets in February, but that domestic stock funds were unable to make the turnaround despite net inflows in January -- the first positive shift in the past six months.
Meanwhile, Morningstar also reported that exchange-traded funds (ETFs) experienced the opposite trend. After outflows of roughly $16.7 billion in January, ETFs ended February with $746.9 billion in assets -- up 2.4 percent from December 2009 figures.
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