Wednesday, July 20, 2016

U.S. funds attract most money in a year as investors chase rally

By Trevor Hunnicutt

NEW YORK, July 20 (Reuters) - Investors stockpiled riskier

assets during the latest week, delivering U.S.-based funds the

most cash in more than a year, data from fund trade group

Investment Company Institute showed on Wednesday.

Mutual and exchange-traded funds in the United States took

in $19.6 billion during the week ended on July 13, the most

since they gathered $21.1 billion in June 2015.

ETFs took in most of the money, offsetting $3.1 billion

pulled from mut

Read more

No comments:

Post a Comment