From The Reformed Broker:
Flows into equity mutual funds have reversed the bleeding from December and January – the money is coming back through the In-Door. Reuters told us yesterday that professional asset managers were at their highest net long exposure to stocks in 14 months. Today, we get a bit of color on what your civilian friends and neighbors are up to:
Mutual fund flows also suggest individual investors were more active in February.
U.S. equity funds, not including ETFs, which tend to be used more by institutional investors than retail investors, had $2.59 billion in inflows from the start of the month to February 22, according to Lipper, a unit of Thomson Reuters.
That compares to outflows of...
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