NU Online News Service, Aug. 28, 2003, 5:45 p.m. EDT – U.S. investors flocked back to stock mutual funds in July, according to Financial Research Corp., Boston.
Stock funds enjoyed a net inflow of $19 billion in July, compared with a $41 billion net outflow in July 2002, FRC reports.
International and global bond funds also benefited. Their net inflow increased to $2.1 billion, from a net outflow of $2.6 billion.