In the week that ended on the 3rd of December, 2014, the energy stock funds based in the USA attract a total of $829 million as its investors committed this amount. According to the data of Thomson Reuters’ Lipper service, the $829 million was committed right after a decline in the prices of oil that was responsible for dragging energy shares much lower.
The inflows reflected the second consecutive week of brand new demand for funds of energy-sector fund. After the prices of oil hit the rock bottom of four-year low, SPNY decreased by a total of 3.2 percent over the reporting period.
According to Tom Roseen, he thinks that investors really think that they are currently at their lowest point.
All in all, stock funds gathered a total of $1.6 billion in cash. This marked their 6th consecutive week of inflows. Among all of the new cash gathered, a total of $5.9 billion was used for the stock exchange-traded fund. On the other hand, the stock mutual funds posted a sum of $4.3 billion in outflows. The outflows coming from the stock mutual funds was considered to be the biggest in 1 year, since the mid of December 2013.
