The summer doldrums may be over.
Citing data from sister company Lipper
, Reuters reported
that investors plugged $6.1 billion into stock funds, and $672 million into high-yield bond funds during the week ended August 27th.
senior research analyst Barry Fennel, who said that "risk appetite has gradually come back."
The news also caught the attention of Barron's
The flows are a welcome reprieve from July's woes. Citing data from the Investment Company Institute
, Investors Business Daily
reported that stock funds witnessed
$6.42 billion in outflows in July, compared to the $2.03 billion of outflows experienced in June.
However, while these stock fund flows bode well for the asset category, they weren't exactly a boon for asset managers, according to Reuters
. Stock mutual funds, according to the newswire, pulled in $415 million, while ETF's garnered the other $5.7 billion.
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