The strong rebound that equity funds enjoyed most of January appears to be tapering off, according to the latest statistics from the Investment Company Institute.

For the week ended Jan. 23, stock mutual took in an estimated $6.35 billion in inflows, down 31% from the $9.20 billion they took in a week earlier. Still, the inflow is almost twice as large as last year’s record $3.52 billion inflow in early February.

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