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Investors' appetite for international stocks growing

February 28, 2013: 3:22 PM ET

U.S. stock mutual funds attracted $1.1 billion during the week ended Feb. 14, bringing the year's total to nearly $21 billion.

Individual investors added money to U.S. stocks for a seventh straight week last week, but they're continuing to show an even stronger appetite for international stocks.

While U.S. stock mutual funds attracted $1.1 billion during the week ended Feb. 14, international stock funds lured nearly $3.5 billion, according to data from the Investment Company Institute. So far this year, investors have poured almost $21 billion in U.S. stocks and more than $32 billion in global stocks, bringing the total stocks inflow to more than $53 billion.

Related: Sluggish economy may signal correction

That fact that investors are showing love for stocks is a sharp contrast from the past several years. The last time investors added more money to stock funds than they took out was in 2007, when U.S. stocks rose to record highs. Both the Dow Jones industrial average and the S&P 500 are back near those levels.

While investors added to their stock holdings, they're also continuing to pad their bond holdings. Bond fund raked in $4.7 billion last week, bringing the year's total to $47 billion. In 2012, bond funds brought in more than $300 billion.

Hybrid funds, which invest in both stocks and bonds, gained $2 billion last week, according to ICI data.

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Hibah Yousuf
Hibah Yousuf
Reporter, CNNMoney

Hibah Yousuf is a reporter at CNNMoney, where she covers stocks, bonds, commodities and currencies trading across the globe, as well as corporate earnings and other markets-related news. Prior to joining the site in 2009, she interned at Money Magazine.

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