Investors Add to US Stock Funds for 2nd Month

BOSTON (AP) — Investors continue to warm up to the stock market.
For the second straight month, investors added more than they withdrew from U.S. stock mutual funds.

Industry consultant Strategic Insight said Thursday that investors deposited a net $15 billion into stock mutual funds in February. That's down from $21 billion in January, the biggest monthly surge into stock funds in seven years.
Yet the second consecutive month of net deposits suggests investor confidence is back, a couple years after the market meltdown ended. Before January, investors withdrew more than they deposited into stock funds for eight consecutive months.

In February, investors continued buying foreign stock funds as well, adding a net $6 billion.
Taxable bond funds attracted $13 billion, while a net $4.5 billion flowed out of tax-free bond funds.