U.S. mutual fund investors returned to stock funds in October according to a report from Standard & Poor’s.

S&P found that for the first time in several months, fund companies reported new cash coming back into stock funds in October. Investors, who had sought refuge in fixed-income and money market funds in September, appear to have had a change of heart.

“Investors saw the S&P 500 index rebounding from its September 21st lows with growth, technology, and mid/small cap stocks moving higher,” notes mutual fund strategist, Rosanne Pane. “Investors may have begun to anticipate an economic recovery from the expansionary monetary and fiscal policies in place.”

Fidelity, the largest U.S. fund firm, has seen “very strong” net sales across the three asset classes, said Fidelity spokeswoman Anne Crowley. “The most notable thing is that all three are seeing positive sales. Growth funds and specialized growth funds have seen positive net sales so far in October,” Crowley added. In September, Fidelity had outflows of $5.7 billion from stock funds.

The evidence is similar at T. Rowe Price funds where there was also a strong inflow for October into its equity funds.

In addition, there was a moderate outflow from international equity funds, a modest inflow into bond funds, and a modest outflow from money-market portfolios. T. Rowe Price does not discuss specific figures.

Schwab’s supermarket reported stock inflows of $506 million through October 26, versus outflows of $2.2 billion in September. Bond funds took in $778 million, versus $532 million in September.