According to the monthly mutual fund flows report from the Investment Company Institute, domestic stock funds felt most of the brunt with a $14.4 billion outflow in September, compared with a $561-million outflow in August.
Global equity funds suffered a $1.6 billion outflow in September, compared to a $2.5 billion outflow in August.
Money market funds also continued to lose big with a $62.4-billion September outflow, compared to a $38.7 billion August outflow (See Money Market Funds Drop $38B in August ).
Bond funds continued to rake it in during the month with a $15.8-billion September inflow, compared with a $17.4-billion inflow the month before.
Taxable bond funds had a $13.5 billion inflow over the month while muni funds enjoyed a $2.3 billion inflow, ICI said.
Overall the combined assets of the nation’s mutual funds increased by $329.2 billion to $6 trillion in September, according to the ICI.
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