Inflows into stock funds in the week ended March 6 trounced the prior week's cash gains of $1.2 billion. Appetite for U.S. stocks largely accounted for the inflows, as $4.95 billion flowed into funds that hold the stocks, reversing the prior week's redemptions of $411 million.
"A stock market rally attracts new money, and we believe the market conditions remain favorable," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
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