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.
Reuters cited
Lipper 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.
 
Edited by:
Tommy Fernandez
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