Dec. 24, 2002 — Reversing a five-month-old trend, investors put more money into U.S. stock mutual funds than they took out in November, Financial Research Corp. said.
Domestic stock funds saw inflows of $5.4 billion; overall, stock and bond funds netted $12.1 billion, the Boston-based financial services consulting company said.
American Funds was the top selling complex last month, garnering $3.2 billion, while its Growth Fund of America/A (AGTHX) was the best selling fund, taking in an estimated $647 million.
