NU Online News Service, July 25, 2003, 5:09 p.m. EDT – U.S. investors returned to stock mutual funds in June, according to Financial Research Corp., Boston.
Because investors were so risk-averse in the weeks leading up to the Iraq war and for several weeks after the war started, stock funds attracted only $24 billion more assets during the first five months of the year than they lost.
But stock funds enjoyed a net inflow of $20 billion in June, compared with a $13 billion net outflow in June 2002, FRC reports.