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The data coming from Thomson Reuter’s Lipper service on Thursday showed that US-based energy stock funds’ investors committed a sump of $829 million in cash in the week that ended 3rd of December 2014 on bargain-hunting after a great decline in oil prices pulled down energy shares much lower. The $829 million commitment of investors is an automatic inflow.
The inflows is known to be the second consecutive week of new demand for the stock funds in the energy sector. The SPNY went down by as much as 3.2 percent over the reporting period as the prices of oil went down in four-year lows.
All in all, the stock funds lured a sum of $1.6 billion in new cash. This showed the sixth consecutive week of inflows. Among the new cash. $5.9 billion of it was allocated to the stock exchange-traded funds. While the stock funds got inflows, the stock mutual funds got outflows that sum up to $4.3 billion.
The $4.3 billion outflows coming from stock mutual funds were known to be the biggest among all outflows since the mid of December 2013. Mutual funds are known to be bought by retail investors. On the other hand, ETFs represent institutional investors’ behavior.