09 Aug 2013, by
The Dow Jones Industrial Average dipped to 15,470 from 15,499 in the week ended Wednesday, August 7, but investors maintained their fascination with equity mutual funds, making some of the heaviest commitments to their accounts so far this year.
During the week, $3.97 billion of net new money was added to mutual funds in the sector and equity exchange-traded fund (ETF) received $2.31 billion.
However, investors’ tastes differed regarding types of equity investments, with mutual fund investors preferring small-cap stock funds and ETF investors favoring mid-caps. iShares Core S&P Mid-Cap ETF (IJH), with $2.17 billion flooding its coffers, recorded its highest weekly inflows ever.
Meanwhile, bond fund investors had very dissimilar views.