Investors steered $1.43 billion into stock mutual funds during the week ended Wednesday, Jan. 11, breaking a near nine-month spell of investor redemptions that totaled more than $172 billion, according to the latest statistics from the Investment Company Institute.
Investors placed $753 million of the $1.43 billion into U.S. equity funds, with the remaining $681 million going into foreign stock funds. That’s a big reversal from the previous week when investors withdrew $9.36 billion from stock mutual funds.
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