Today's Fund Track
column says the amount of money flowing into mutual funds is more impressive than the streak of net inflow, which has now lasted a year according to the latest data
released by the ICI
The Wall Street Journal
reported that the year-long run is not unprecedented, citing ICI data that shows a nearly two-year stretch of net inflows beginning in 2004. They spoke with ICI chief economist Brian Reid
, who said the amount of money (over $500 billion into stock and bond funds) was more significant than the uninterrupted inflows. Long-term mutual funds experienced net inflows across all sectors, with the exception of U.S. equity funds. Reid said much of the inflow might be attributed to investors re-entering the market after the 2008 crash.
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