1st Quarter 2013: Investors put more money in

Investors put more money into U.S.-stock mutual funds than they pulled out in the first three months of 2013, making it the first quarter of net new investment since the initial quarter of 2011.

The net buying of domestic-stock funds totaled an estimated $19.5 billion through March 27, with almost all of the action in January, according to the industry's Investment Company Institute. That's a big turnaround from the fourth quarter of last year, when investors withdrew a net $60 billion.

Still, investors continue to be more enthusiastic about overseas stocks and, even more so, about bonds. Through March 27, foreign-stock funds took in an estimated $48 billion in net new cash and bond funds got $70.4 billion, according to ICI.

Source:  Karen Damato, Wall Street Journal

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