September 25, 2019 / 4:21 PM / a month ago

Investors race into U.S. stock funds with largest weekly surge since June

    By David Randall
    NEW YORK, Sept 25 (Reuters) - Investors jumped back into
mutual funds and exchange-traded funds that hold U.S. stocks
last week by sending approximately $11.8 billion in net assets
into the category, the greatest weekly surge into domestic
equities since early June, according to data released Wednesday
by the Investment Company Institute. 
    The money flowing into stock funds came as the Federal
Reserve cut interest rates last week as expected, helping
further a rally that has pushed the benchmark S&P 500 stock
index up 18.5% since the beginning of the year. 
    Over the last two weeks, investors have sent nearly $20
billion into U.S. stock funds.
    Despite those gains, U.S. equity funds have lost a total of
nearly $84 billion for the year to date. Instead, investors have
continued to seek the safety of bond funds, which garnered an
additional $9.3 billion in new assets last week. For the year to
date, bond funds have pulled in a net of nearly $306 billion in
new assets. 
    World stock funds, meanwhile, lost nearly $1.8 billion in
outflows, continuing a streak in which investors have pulled
nearly $41 billion from the category since the start of the
year. 
    The following is a broad breakdown of the flows for the
week, including mutual funds and exchange-traded funds: 
    
             9/18/201  9/11/201  9/4/2019  8/28/201  8/21/201
                    9         9                   9         9
 Equity        10,036     7,551    -4,106    -9,506   -14,007
    Domesti    11,807     8,598    -4,389    -5,324    -9,384
    c                                                
    World      -1,771    -1,047       283    -4,182    -4,623
 Hybrid          -843      -687    -1,132    -1,404      -739
 Bond           9,288    13,016     6,925     7,953     3,950
    Taxable     8,906    11,734     5,708     5,994     1,876
    Municip       382     1,282     1,218     1,959     2,074
    al                                               
 Commodity        260      -396       914     1,745       618
 Total         18,742    19,484     2,600    -1,212   -10,178
 
 
    
    

 (Reporting by David Randall; Editing by Bernadette Baum)
  
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