It’s finally happened. Stock mutual fund flows have gone positive, hitting a 17-month high in the process. It was a big week:
Our preliminary estimates and Lipper FMI data suggest that equity fund flows came in surprisingly strong for the current week at +$7.5 bn — the first positive week since April’10 and the highest since May’09. This compares to – $4.3 bn of outflows in the prior week. Domestic fund flows outstripped non-US for the first time since April’10, with a notable pick up in equity income funds.
(Via Goldman Sachs, Americas: Asset Managers, Marc Irizarry, 14 Oct 2010)
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