Equity market rebounds, but investors still leave equity ETFs (-$9.2 billion) while contributing to equity mutual funds (+$1.1 billion)
For the fund-flows week ended October 22, 2014, the equity market rebounded sharply during the first four days of the period, mitigating some of the prior week’s significant losses. Despite declining at the close of the period on Wednesday, the S&P 500 climbed 3.49% for the week, putting its year-to-date gain at 5.97%. Some investors returned as buyers in the equity market to help propel gains, believing it had become oversold following its recent declines. Additional data points that revealed better-than-anticipated domestic consumer sentiment readings and housing starts helped the market to rally on Friday, October 17. Strong earnings from
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Oct 24, 2014
posted by Lipper Alpha Insight