A Growing Appetite for US Equity Funds?
Still, world equity funds (US funds that invest primarily overseas) posted an inflow of $15.59 billion in February, down from January’s $21.40 billion inflow (see Mutual Fund Assets Up $153.8B in January ), according to the Investment Company Institute (ICI). Meanwhile funds that invest primarily in the US had an inflow of $10.03 billion in February, compared with a $7.80 billion inflow in January (see .
In all, the combined assets of the nation’s mutual funds increased by $43.3 billion, or 0.4%, to $10.608 trillion in February, according to the Investment Company Institute’s survey of the mutual fund industry.
Long-term funds – a category that includes stock, bond, and hybrid funds – had a net inflow of $45.15 billion in February, down from an inflow of $47.89 billion in January.
Hybrid funds posted an inflow of $3.53 billion in February, compared with an inflow of $3.59 billion in January. Bond funds had an inflow of $15.99 billion in February, compared with an inflow of $15.09 billion in January.
Money market funds had an inflow of $34.41 billion in February, compared with an outflow of $10.84 billion in January. Funds offered primarily to institutions had an inflow of $26.26 billion.
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