NEW YORK (TheStreet) -- U.S. stocks have been going gangbusters since early October but Main Street is still wary.
Mutual funds investing in bonds saw inflows of $8.38 billion in the week ended Feb. 22, according to data released Wednesday by the Investment Company Institute, which bases its flow estimates on information collected covering "more than 95 percent of industry assets" which is then adjusted to represent industry totals.
Stock funds, on the other hand, enjoyed inflows of just $809 million, and what's worse is that funds investing in domestic equities saw outflows for the first time in three weeks, seeing $322 million walk out the door. Hybrid funds, which invest in both stocks and bonds, saw inflows of $1.6 billion, the lowest total in five weeks, ICI data showed.
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