NEW YORK, Aug 28 (Reuters): Investors
in US-based funds poured $2.6 billion into stock funds in the week
ended August 20 on a rebound in risk appetite, data from the Investment Company Institute showed on Wednesday.
The inflows were the biggest since April, according to the data from ICI, a US mutual fund trade organisation. Funds that specialise in US stocks attracted $738 million, marking their first week of new money since April. Bond funds attracted $5 billion, marking their biggest inflows since early May.
The inflows were the biggest since April, according to the data from ICI, a US mutual fund trade organisation. Funds that specialise in US stocks attracted $738 million, marking their first week of new money since April. Bond funds attracted $5 billion, marking their biggest inflows since early May.
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