By Sam Forgione
NEW YORK, Feb 6 Investors in U.S.-based mutual
funds pumped $8.18 billion into stock mutual funds in the latest
week, the fourth straight week of gains, data from the
Investment Company Institute showed on Wednesday.
Out of total inflows in the week ended Jan. 30, funds that
hold U.S. stocks attracted about $3.52 billion, said ICI, a U.S.
mutual fund trade organization.
Funds that hold foreign stocks had cash gains of roughly
$4.67 billion over the week, marking the first week in which the
funds gained more than their U.S.-focused counterparts in
The benchmark S&P 500 rose just 0.5 percent over the
reported period. Solid corporate earnings from companies such as
Procter & Gamble and Honeywell International and
upbeat U.S. unemployment and factory data boosted sentiment.
Bond funds, meanwhile, attracted an estimated $3.5 billion
in inflows, which was less than half the inflows into stock
funds. It was also sharply lower than inflows exceeding $8
billion in the previous three weeks.
Hybrid funds, which can invest in stocks and fixed income
securities, pulled in $2.65 billion in new money, the second
highest inflow on a record that extends back to the start of
2007. The funds pulled in a record $2.81 billion in new cash in
the week ended Jan. 9.
The following is a breakdown of ICI flows for the past five
weeks (all figures in millions of dollars):
1/2/13 1/9/13 1/16/2013 1/23/2013 1/30/2013
Total Equity -10,734 14,333 9,201 6,350 8,183
Domestic -9,251 7,731 4,894 3,485 3,518
World -1,483 6,601 4,307 2,864 4,666
Hybrid* -154 2,808 2,122 1,936 2,645
Total Bond 1,450 9,423 10,600 8,055 3,504
Taxable 1,178 7,042 8,358 6,643 2,630
Municipal 272 2,381 2,242 1,413 874
Total -9,439 26,564 21,923 16,341 14,332
*Hybrid funds can invest in stocks and/or fixed income