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Wall Street Week Ahead: After a long drought, bear market funds attract buyers

Reuters  |  NEW YORK 

By Trevor HunnicuttNEW YORK (Reuters) - Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in falling markets attracted $413 million in new investments during the second quarter, the funds' largest inflows since the height of 2013's "Taper Tantrum" selloff, according to Thomson Reuters' Lipper research unit.On Thursday, the S&P 500 experienced its first 1 percent-plus drop in 58 trading days, as the CBOE Volatility Index surged over 44 percent, noted Bespoke ...

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First Published: Sat, August 12 2017. 05:18 IST