U.S.-based stock mutual funds reap $4.57 bln, 7th straight week of gains-ICI
NEW YORK Feb 27 (Reuters) - Investors in U.S.-based mutual funds put $4.57 billion in new cash into stock funds in the latest week, the seventh straight week of inflows into the funds, data from the Investment Company Institute showed on Wednesday.
Among the total inflows into stock funds, $1.09 billion went into funds that hold U.S. stocks in the week ended Feb. 20, said ICI, a U.S. mutual fund trade organization. Those marked the highest inflows into U.S.-focused stock mutual funds in three weeks.
Funds that hold stocks outside of the U.S., meanwhile, attracted $3.47 billion in new cash over the weekly period.
- Malaysia Airlines plane missing, presumed crashed in South China Sea |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Malaysian plane crashed off Vietnam coast: state media
- No signal picked up from missing Malaysia Airlines plane-Vietnam official