Mutual fund investors poured more than $13.2 billion into equity funds for the three business days ended Jan. 11, estimates
, a firm that tracks mutual fund inflows and outflows.
Despite the heavy inflows in the recent period, investors continue to show a lack of consistency. Over the past five reporting periods there has not been two straight periods in which there were successive inflows or outflows. This inconsistency mirrors the stock market, which has been up and down over the past few weeks. (See last
Wednesday's commentary on fund flows to see what is going on.)
For the three business days ended Jan. 11, the Nasdaq was up 10.2%, the S&P 500 climbed 2.4% and the Dow was flat.