Mutual fund investors are getting bullish on stocks. “Global equity funds attracted the largest inflows since at least 2005 in the week ended Sept. 18 as investors piled into stocks before the Federal Reserve’s decision to maintain monetary stimulus,” Bloomberg reported Friday.
Bloomberg ETF analyst Eric Balchunas said September ETF flows jumped $15 billion the last two days to hit $40 billion for the month. The single-month inflow record is $51 billion, he said.
In particular, SPY flows are rebounding after the ETF shed more than $13 billion in August.
Full disclosure: Tom Lydon’s clients own SPY, EEM and IWM.
Story updated to correct day of S&P 500’s record high.