Equity mutual funds roared back to life in early January after a brutal year in which they lost nearly $160 billion in outflows, according to the latest statistics from the Investment Company Institute. For the week ended Jan. 16, equity mutual funds attracted an estimated $9.32 billion in inflows, down from the previous weeks huge $14.33 billion inflow but nearly three times greater than last years record $3.52 billion inflow in early February.
The $9.32 billion inflow was evenly split between U.S. and foreign stock funds, with U.S. funds taking in $5.05 billion and foreign stocks taking the remaining $4.27 billion.
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