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Date Posted: 15:49:29 05/16/13 Thu
Author: Wednesday May16th 2013 USOver the five sessions ended May 15
Subject: Investors continued to send cash into funds investing in U.S. stocks in the latest week.

Investors Send Cash Into U.S. Stocks Amid Record Rally
17/05/2013 7:28AM

By Alexandra Scaggs

Investors continued to send cash into funds investing in U.S. stocks in the latest week.

During a record-setting rally, interest in stocks from the "mom and pop" investors who typically invest in mutual funds heated up, according to data from Lipper. U.S. stock-focused mutual funds saw $1.7 billion in inflows in the latest week, a significant jump from the $706 million they sent into the area the previous week. Exchange-traded funds investing in U.S. stocks picked up $2.6 billion of new investor cash, slightly below the $4.6 billion they brought in the previous week.

Over the five sessions ended May 15, the Standard & Poor's 500-stock index gained 1.6%, and hit a new record in four of those sessions.

Investors also sent more cash to international-stock funds. They sent $3.2 billion into international equity ETFs, an increase from $468 million the prior week. The pace of international mutual-fund investment stayed mostly steady, with investors sending $1.1 billion into the space for the second week.

While interest in bond mutual funds remained mostly steady, investors pulled cash from bond ETFs.

Investors sent $3.1 billion of cash into taxable bond-focused mutual funds, a slight pullback from the previous week's $4.4 billion. They sent $1.4 billion into investment-grade corporate bond mutual funds, and $86 million into balanced mutual funds. Interest in high-yield, or junk-rated, mutual funds cooled, as investors sent $11 million into the space, a slowdown from the $134 million of inflows the prior week. Investors sent $46 million to Treasury-bond mutual funds, and pulled $166 million from mutual funds investing in Treasuries and mortgages.

Investors pulled $287 million from taxable bond ETFs, with $478 million coming from high-yield ETFs and $416 million coming from investment-grade ETFs.

Write to Alexandra Scaggs at alexandra.scaggs@dowjones.com


(END) Dow Jones Newswires

May 16, 2013 17:28 ET (21:28 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

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