Investors continued to steer money into stock mutual funds in February, though with much less enthusiasm. According to statistics released today by the Investment Company Institute, investors placed an estimated $1.04 billion into equity funds during the week ended Wednesday, Feb. 15, less than half the $3.64 billion they poured into the funds a week earlier.
Foreign stock funds received the lion’s share of the infusion, gaining $1.01 billion for the week. U.S. stock funds received the remaining $35 million.
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