Technology sector funds took in $915 million in their best week of sales since September 2006. The funds rallied by 2.5 percent during a week in which Yahoo Inc a posted better-than-expected quarterly profit and tech stocks posted their best one-day performance of the new year.
European Central Bank President Mario Draghi last Thursday said policymakers would keep up stimulus despite strong economic indicators. European and Japanese stock funds took in a combined $439 million, while emerging markets which also benefit from the easy-money policies drew $1 billion.
The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds:
Sector Flow Chg Assets Assets Count
($ blns) (in pct) ($ blns)
All Equity Funds -5.743 -0.10 5,625.448 11,823
Domestic Equities -8.583 -0.22 4,022.802 8,452
Non-Domestic Equities 2.840 0.18 1,602.646 3,371
All Taxable Bond Funds 2.833 0.12 2,305.274 5,935
All Money Market Funds 19.794 0.86 2,323.148 1,026
All Municipal Bond Funds 0.007 0.00 368.142 1,401
This article was provided by Reuters.