Investors add US$34.1 billion to equity mutual funds in last 4 weeks

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From BusinessTimes, 18 Nov 2013

INVESTORS poured some US$34.1 billion into all equity mutual funds and exchange-traded funds in the past four weeks that ended Nov 13, the biggest four-week total since January, according to data from TrimTabs Investment Research.

TrimTabs research published on Sunday showed that retail investors have been piling into stocks at the fastest rate since January, when US$38 billion flowed into equities. "The record highs on many major US stock market averages are luring mom and pop back into the market," said David

Santschi, chief executive officer at TrimTabs Investment Research in a note.
The S&P 500 index is up 26 per cent year-to-date. "The intermediate-term demand outlook remains very favorable for US equities," Santschi said.

Investors are putting their money in US equities mutual funds more than global ones. About US$19.8 billion flowed into US equity mutual funds, compared to US$14.3 billion into global equity mutual funds in the last four weeks.