MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 17, 2009 Long-Terms Funds Continue Their Winning Streak Long-term mutual funds' recent hot-streak continued this week, marking the 26th consecutive week of net buying, according to ICI data cited in the Wall Street Journal. The run has earned net inflows totaling about $226 billion. The buying began in early March, when equity markets sunk to their lowest point. Last week featured inflows of $7.25 billion, according to the ICI. It's not all good news, however. Stock funds are still seeing net outflows, albeit less. Worldwide, stock funds had $1.33 billion in outflows last week, certainly better than $4.35 billion the week before. Foreign stock funds are currently more productive than U.S. funds, actually seeing inflows of $462 million, compared to net selling of $1.79 billion. Printed from: MFWire.com/story.asp?s=22637 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |