Summary Box: Stock funds hold steady in January

AP News
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Posted: Feb 13, 2012 5:54 PM
Summary Box: Stock funds hold steady in January

STAYING IN PLACE: Deposits into U.S. stock mutual funds roughly equaled withdrawals in January, industry consultant Strategic Insight said on Monday. It snapped an eight-month streak of investors pulling their money out each month. The string ended as the stock market had its best January in 15 years.

BONDS RETAIN APPEAL: Bond funds remained popular, attracting $32 billion in new cash. Taxable bond funds attracted $26 billion in net deposits, with municipal bond funds attracting $6 billion.

MONEY-MARKET REVERSAL: A net $44 billion was withdrawn from money-market funds, marking a reversal from the $39 billion these funds attracted in December.