U.S. funds attract most money in a year as investors chase rally

July 20, 2016 5:25 PM

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U.S. funds attract most money in a year as investors chase rally

NEW YORK Investors stockpiled riskier assets during the latest week, delivering U.S.-based funds the most cash in more than a year, data from fund trade group Investment Company Institute showed on Wednesday.

Mutual and exchange-traded funds in the United States took in $19.6 billion during the week ended on July 13, the most since they gathered $21.1 billion in June 2015.

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