Top Portfolio Products: American Funds, Well Fargo Add New Series, Changes
Also, AccuShares adds ETFs that track VIX, while Lincoln Financial launches a universal life product.
Fleeing the safe havens
Investors are moving their money back into stocks ... and away from money market and TIPS funds.
FitchRatings: Inflows of money market funds hit $2.7 trillion in fourth quarter
Tax-exempt funds saw a 5.7 percent gain, prime funds (institutional and retail) increased 3.2 percent.
Bond Funds Top $400B in Flows
Equity funds see weaker flows, with close to $2.5 billion going to funds focused on emerging markets,
June Outflows: Nearly $50 Billion for Money Markets, Other Funds
FRC says money-market funds lost more than $48 billion, while stock and bond funds dropped roughly $500 million.