Tags: Mutual | Fund | investors | stock

Investors Retreat from Stock Mutual Funds in June

Friday, 13 Jul 2012 10:47 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

A rising market didn't instill confidence last month, as investors continued to withdraw more from stock mutual funds than they deposited into them.

Industry consultant Strategic Insight reports that investors withdrew a net $7.7 billion from U.S. stock funds in June. That's the biggest monthly flow out of stock funds this year. Through June, net withdrawals total $15 billion.

Stocks gained about 4 percent in June, the market's best month since February.

Although cash flowed out of U.S. stock funds last month, investors deposited a net $5.4 billion into funds investing in foreign stocks.

Strategic Insight said on Thursday that bond funds attracted cash, with more than $15 billion in net deposits. Funds investing in taxable bonds attracted $11 billion, with $4 billion flowing into municipal bond funds.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved