A ton of money just piled into U.S. stocks.
After 16 straight weekly outflows, U.S. equity mutual funds saw inflows of $US5.2 billion, according to Morgan Stanley.
Year-to-date, however, U.S. equity mutual funds have seen net outflows of $US22 billion.
The recent inflow to U.S. stocks comes as the S&P 500 made a new all-time high this week, finishing Thursday’s trading session at 1,992.37.
Investors poured $US2.2 billion into high-yield bond funds during the week, though this followed a four-week period that saw $US12.6 billion was yanked from high yield bonds.
Here’s what the huge influx of money into U.S. equity funds looks like, via Morgan Stanley:
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.