Good afternoon everyone. Como sea todos. No this is not a Spanish blog, its the AllThingsETF blog, where you get great advice, news and investment ideas on ETFs that have the potential to make you money. I'll be checking around town to see what's cooking in the stock market this week. So far its pretty quiet out there. Stepped out earlier today to run some personal errands and it was like an exercise in wasting gas. Arrgh! I got nothing done.
Calm before the storm. At least that's what I've been reading. It seems that there is still not much buying. Much of the buying seems to be just shifting funds from one account to the next. It's called "churning" in broker turns. So, I wanted to see if anyone was buying, you know, new money. I clicked on over the Investment Company Institute website to see if they could shed some light on this matter. Based on their recent reports, "Estimated inflows to long-term mutual funds were $ 12.48 billion for the week ended Wednesday, June 10, 2009 ", versus $ 13.646 billion for the week of June 3. At least it wasn't negative. There is buying. As a matter of fact, buying has almost doubled compared to inflow numbers reported in May. I also noticed that Equity Foreign Funds had a larger percentage increase than other categories while Taxable Bond Funds had a noticeable percentage decrease in inflows as compared to the previous periods. Interesting. Are in...
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