Investors poured $31.6 billion into all equity mutual funds and exchange-traded funds in November, favoring equities over bonds for a sixth straight month, data from TrimTabs Investment Research showed on Sunday.
However, flows into equities moderated from October, with flows into exchange traded funds picking up, and investors favored U.S. equity funds over offshore funds.
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"Equity fund flows shifted in two key ways last month," said TrimTabs chief executive David Santschi. "First, inflows were not as strong as they were in October, when all equity mutual funds and ETFs received $53.2 billion, the fourth-highest monthly inflow on record. Second, they were not skewed heavily toward offshore stocks."