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Thursday, October 29, 2009

Funds are Still Seeing Inflows After 32 Weeks

News summary by MFWire's editors

The fund inflow winning streak continues, with long-term mutual funds garnering net inflows for the 32nd consecutive week. The Wall Street Journal's Fund Track today reported that the ICI estimated net inflows at $13.84 billion in the week ended Oct. 21, making the total during the streak at $337 billion.

And while the fund buying run continued, stock funds saw net inflows last week of $1.68 billion, up from $3.4 billion in net outflows last week. Foreign stock funds accounted for $2.9 billion in net inflows, while domestic stock funds suffered $1.22 billion in net outflows. 

Edited by: Daniel Tovrov


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