Investing June 29, 2005

Mutual Funds Add $204B in May

June 29, 2005 (PLANSPONSOR.com) - The nation's mutual funds pulled in a total of $204.3 billion in May for an asset total of $8.12 trillion up from $7.91 trillion in April.
Reported by

A news release from the Investment Company Institute (ICI) said stock funds led the way over the month with a 3.8% increase from $4.24 trillion in April to $4.40 trillion in May

ICI data showed that tax-free money market funds bulled ahead by 3% in May to $315.5 billion while hybrid funds saw a 2.3% advance to $535.9 billion

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Meanwhile, according to ICI, taxable bond funds were slightly ahead by 1.4% to $987.5 billion while muni bond funds were nearly flat for the month with a 0.8% gain to $334 billion.

The ICI report is  here .

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