Stock Funds on Track for Record Month of Inflows
Led by Janus family, February looks like best month ever.
Growth continued the rule the roost in terms of the cash flows into mutual funds last month, according to estimates. Stock funds reaped about $60 billion in February, eclipsing by nearly $20 billion the record set just one month earlier, said New York-based mutual fund research and consulting firm Strategic Insight.
If they manage to keep up their torrid pace through the market's temperamental behavior of late, investors will have plowed close to $150 billion into equity mutual funds during the first quarter of the year, according to Strategic Insights' projections, which include investments in funds that are sold as part of variable annuities.