Investors have not yet fully recovered their faith in mutual funds that invest long-term in U.S. stocks. According to statistics released Tuesday by the Investment Company Institute, investors pulled $2.13 billion from U.S. stock mutual funds in January, stanching but not stopping the $19.93 billion outflow the month before.
Investors displayed greater confidence in world equity funds, which raked in $1.91 billion, reversing December’s outflow of $8.91 billion. The inflow, however, was still not enough to bring stock mutual funds overall into positive territory. As an investment class, all stock funds posted an outflow of $218 million for the month.
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