US Stock Funds Took In $34 Billion In FOMC Lead-Up

Investors were back into stocks like they left something in the days leading up to the September FOMC meeting. Global equity funds took in almost $40 billion over the latest weekly reporting period, according to EPFR. The $38.6 billion haul was particularly notable given that it came on the heels of the first net outflow since April. Stock-focused ETFs raked in $45 billion over the week. Long-only mutual funds saw $6.4 billion hit the exits. (The epochal active-to-passive shift rolls on.)