Record Highs Lure Investors Back to Stocks
Cash pours into equity mutual funds after five years of withdrawals
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Investors are rediscovering their taste for equities. Stock funds took in $148 billion in the year’s first 10 months, after five years when money flowed out, according to Investment Company Institute data. The shift marks a reversal from the four years through 2012, when investors put $1 trillion into bond funds, and the financial crisis drove many to abandon stocks and miss out as the Standard & Poor’s 500-stock index almost tripled from its March 2009 low.