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 Stock mutual funds attracted $126 million in new cash, while stock
exchange-traded funds added $5.2 billion. Stock mutual funds are
commonly purchased by retail investors, while stock ETFs are thought
to represent the institutional investor.
The S&P 500 index <.SPX> gained about 0.7 percent from its close on
June 11 through its close on June 18.
Despite worries abroad, such as turmoil in Iraq and continued unrest
in Ukraine, investors continued to put money into foreign stocks.
Non-domestic equity funds attracted $1.8 billion over the week for a
thirteenth straight week of net inflows.
Retail investors have particularly favored those funds, adding net
new cash nearly every week since December 2012.
"The strife that we're seeing overseas is not scaring investors,"
said Pat Keon, research analyst at Lipper.
Taxable bond funds posted net outflows of $920 million, marking
their first net outflows in fifteen weeks.
Those outflows came from institutional investors, who pulled $3.5
billion out of those funds, more than offsetting the net $2.6
billion committed by retail investors.
Money market funds posted net outflows of $28 billion, their sixth
straight week of outflows.
Sector Flow Chg % Assets Assets Count
($Bil) ($Bil)
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All Equity Funds 5.337 0.13 4,207.241 10,796
Domestic Equities 3.563 0.12 3,105.283 7,860
Non-Domestic Equities 1.774 0.16 1,101.958 2,936
All Taxable Bond Funds -0.920 -0.05 1,801.751 5,484
All Money Market Funds -28.087 -1.23 2,264.685 1,319
All Municipal Bond Funds 0.148 0.05 292.421 1,448
(Reporting by Luciana Lopez; Editing by James Dalgleish, Bernard
Orr)
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