BOSTON (AP) -- The newfound confidence that investors showed at the start of the year held up through February.
Stock mutual funds continued to attract cash, although at a slower pace than in January. Bond funds also drew new money, putting the industry on track to potentially set a quarterly record for overall fund flows.
Industry consultant Strategic said that a net $6 billion was deposited into U.S. stock funds in February. That's down from $26 billion the previous month. Withdrawals had exceeded deposits for 10 months in a row before January.
Bond funds have consistently attracted cash in recent years, and that trend continues in 2013. Net deposits into bond funds totaled $22 billion last month, down from $42 billion in January.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.