SPY - Fund And ETF Investors Turn Cautious In February
Photo Source: REUTERS/Thomas Peter. Bruce Aylward of the World Health Organization (WHO) attends a news conference of the WHO-China Joint Mission on COVID-19 about its investigation of the coronavirus outbreak in Beijing, China, February 24, 2020.
Investors were net purchasers of mutual fund assets for the ninth month in 10, injecting $35.2 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for February. However, the headline number is misleading.
The major benchmarks closed in correction territory during the month, declining at least 10% from recent market highs as stocks