Investors pour record $55 billion into U.S. stock funds in January

NEW YORK Mon Jan 28, 2013 8:51pm IST

Traders work on the floor of the New York Stock Exchange, December 18, 2012. REUTERS/Brendan McDermid/Files

Traders work on the floor of the New York Stock Exchange, December 18, 2012.

Credit: Reuters/Brendan McDermid/Files

Related Topics

NEW YORK (Reuters) - Investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record, research provider TrimTabs Investment Research said.

U.S. stock mutual funds and ETFs accounted for $25.2 billion of the total cash gains, the most since January 2004. Global mutual funds and ETFs overtook them with inflows of $29.8 billion, a monthly record according to the research company.

The total inflows into stock funds surpassed the previous record of $53.7 billion in February 2000, TrimTabs said.

The benchmark S&P 500 stock index has risen 5.4 percent so far this month. Analysts have cited this month's strong inflows as a support to stock markets, along with stronger-than-expected corporate earnings and U.S. lawmakers' deal to avert the "fiscal cliff" of tax hikes and spending cuts.

According to Thomson Reuters' Lipper service, which tracks only funds that are based in the U.S., the three weeks ended January 23 have seen the biggest inflows from retail investors into stock funds since the start of 2001. The latest three-week streak has brought $14.9 billion into stock mutual funds alone, while the streak ended in early 2001 brought $16.3 billion into the funds.

Investors gave $6.1 billion to U.S. stock mutual funds and ETFs in the past five trading days alone, TrimTabs reported. Global funds, meanwhile, pulled in $9.3 billion over that period.

(Reporting by Sam Forgione; Editing by Kenneth Barry)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

School Shooting

School Shooting

Two killed, four wounded in Washington state school shooting.  Full Article 

Sundar Pichai Elevated

Sundar Pichai Elevated

Google's Pichai to oversee major products and services.  Full Article 

Need For Reforms

Need For Reforms

Euro zone risks "relapse into recession" without structural reforms - Draghi.  Full Article 

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Health Of Lenders

Health Of Lenders

25 European banks set to fail health checks - sources.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage