US Stocks' $3.7-Triffion Year Beats Bonds Most Ever

摘要

Five years after the equity bull market started, US investors returned to stocks in 2013, just in time for the best relative returns versus bonds on record. Exchange-traded and mutual funds investing in shares took in about $162 billion, the most since 2000, according to data compiled by Bloomberg and the Investment Company Institute. At the same time, the Standard & Poor's 500 Index climbed 29%, beating government debt by 32 percentage points, the widest spread since atleast 1978, according to data compiled by Bank of America Merrill Lynch and Bloomberg.