News | 07.07.21
US Stock Funds Are Up 16 Percent for the Year as Cash Flows In
As the stock market hit records in the second quarter—a rally that has continued in July—investors sent their cash to both stock and bond funds. Investors put a net $10.0 billion into US stock mutual funds and exchange traded funds, and $56.7 billion into international-stock funds. They invested a net $161.8 billion in bond funds, partly to protect themselves for the day when the bull market falters. The average US stock fund rose 6.8 percent in the quarter, including 1.5 percent in June, according to Refinitiv Lipper data. That pushed the year-to-date advance to nearly 16 percent. International-stock funds were up 5.5 percent in the quarter, after being down nearly 1 percent in June, to push their year-to-date gain to 9.1 percent.
Read the full article on Wall Street Journal.