Biggest Week For Equity Mutual Funds Since 2000

A report from Sterne Agee asserts that last week saw more money flow into equity mutual funds based in the United States than any week since at least October of 2000. The data comes from the data agency, EPFR Global. The total flow of money into US based equity mutual funds totaled more than $6.4 billion last week. Despite the positive indication for Mutual Fund operating firms, the report points out that week by week data for inflows is extremely volatile. A single week of very high incomes does not mean the industry is set to grow at record pace….