Money pours into US consumer staples even amid pricey valuation warnings

San Francisco

INVESTORS looking for stability and dividends have been pouring money into consumer staples stocks of late, ignoring warnings from Wall Street's analysts about pricey valuations for companies like Clorox and Campbell Soup.

Widely viewed as relatively safe bets in a world of macroeconomic worries, shares of companies selling everyday consumer products like processed food and cleaning supplies have outperformed most other sectors in the past year, and fund flow data suggests investors expect more of the same.