Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Mutual Funds > Bond Funds

Second-quarter mutual fund inflow highest since 2007

X
Your article was successfully shared with the contacts you provided.

Investors poured the largest amount of money into stock and bond mutual funds in more than two years in the second quarter, according to a report Tuesday by the Associated Press.

Citing findings from consulting firm Strategic Insight, the AP said $136 billion flowed into stock and bond funds during the April-through-June period.

“That’s the biggest flow into funds since the first quarter of 2007, when the total was nearly $150 billion. The totals exclude money-market mutual funds,” writes AP staff writer Mark Jewell. “In the latest quarter, bond funds were the bright spot for the nearly $11 trillion U.S. mutual fund industry. About two-thirds of the cash flowing in went to bond funds, with the remaining third going to stock funds. The Standard & Poor’s index rose more than 15 percent during the quarter.”

“Including June, equity funds have now enjoyed three straight months of solid inflows. Investors are tiptoeing back into riskier asset classes,” said Strategic Insight senior research analyst Loren Fox in a statement.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.