VCSH - Mutual Funds Attract Net New Money In January While ETFs Suffer Net Redemptions
Photo Source: REUTERS/Leah Millis. Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019.
For the second month in three, investors were net purchasers of mutual fund assets, injecting $36.9 billion into the conventional funds business (excluding ETFs, which are reviewed in the section below) for January. Investors warmed to improved trade talks between the U.S. and China and more dovish Federal Reserve Board comments, pushing U.S. stocks to their best January returns in three decades. For the first month