Salient to Investors:
Vanguard attracted a record $24.3 billion from clients in January, mostly into stocks, and more than 40 percent greater than the previous monthly record in January 2012. ICI said US mutual fund inflows are on track for the biggest month on record for deposits in January. IndexUniverse said ETFs attracted $31 billion in January, of which $29 billion went into equity-oriented products.
Michael Rawson at Morningstar is not surprised at the strong inflows into stocks investors fear missing out on an opportunity.
Lipper said Vanguard’s equity mutual funds charge 11 cents for every $100 invested versus 78 cents for the industry as a whole.
Read the full article at http://www.bloomberg.com/news/2013-02-04/vanguard-gets-record-deposits-as-clients-return-to-stocks.html
Free email alerts of articles as soon as they are posted.