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Mutual Fund Assets Rebound in August
The increase can be attributed to money market funds which had an inflow of $153.79 billion in August, compared to an inflow of $71.13 billion in July. Funds offered primarily to institutions posted an inflow of $123.99 billion, while funds offered primarily to individuals had an inflow of $29.80 billion.
Long-term funds – stock, bond, and hybrid funds – had a net outflow of $16.39 billion in August, versus an inflow of $17.38 billion in July, the ICI data showed.
Stock funds posted an outflow of $12.27 billion in August, compared to an inflow of $11.56 billion in July. Among stock funds, world equity funds posted an inflow of $1.72 billion for the month, and funds that invest primarily in the U.S. had an outflow of $13.99 billion.
Hybrid funds posted an outflow of $96 million billion in August, compared to an inflow of $1.89 billion in July.
Bond funds experienced an outflow of $4.03 billion in August, compared to an inflow of $3.94 billion in July. Taxable bond funds posted an outflow of $2.84 billion, while municipal bond funds had an outflow of $1.19 billion in August.
The ICI data is here .