Equity Mutual Funds Witnessed Substantial Inflows In October

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Mani
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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,…


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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports