Equity mutual funds saw dramatic inflows of $21.06 billion in October, compared to $2.56 billion inflow witnessed in the previous month.
Tobias Levkovich and team at Citi Research however point out that a very late 2013 correction is possible for equities given weakening EPS forward guidance.
Total stock fund assets rose to record levels
According to Citi analysts, total stock fund assets rose by $238 billion in October to a record high $7.41 trillion. The following graph highlights such record highs:
Dissecting the data on a monthly flow basis, the analysts observe that during the first 10 months of 2013,...
