Investors displayed faith in all categories of mutual funds for the week ended Wednesday, January 25, adding a total of $11.6 billion to equity, bond and hybrid funds, according to statistics released Wednesday by the Investment Company Institute. That’s a 68% increase from the $6.9 billion mutual funds posted in inflows the week before.
Equity mutual funds gained $1.17 billion in new investments for the week, a sharp reversal from the previous week when investors pulled $481 million from equity funds. Of the $1.17 billion, $851 million went to U.S. stock funds with the remaining $323 million going to foreign funds.
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