Thursday, June 11, 2009

Stock Funds Take In Net-Cash for 12th Straight Week

The fear about the economy is subsiding, quickly.

Stock market and bond mutual funds saw overall net inflows, for the 12th straight week, according to figures released by the Investment Company Institute.

Total estimated inflows were $13.6 billion in the week ended June 3.

Stock funds had estimated inflows of $4.63 billion, up from $1.59 billion the previous week.

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