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Stock Funds Lure Most Cash in 13 Years as Market Rallies

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Stock Funds Lure Most Cash in 13 Years as Market Rallies
By Charles Stein - Nov 21, 2013 12:00 AM ET

Investors are pouring more money into stock mutual funds in the U.S. than they have in 13 years, attracted by a market near record highs and stung by bond losses that would deepen if interest rates keep rising.

Stock funds won $172 billion in the year’s first 10 months, the largest amount since they got $272 billion in all of 2000, according to Morningstar Inc. (MORN) estimates. Even with most of the cash going to international funds, domestic equity deposits are the highest since 2004.

more@Bloomberg.com




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