The ICI data also reflected investors’ continuing warm and fuzzy feelings for stock funds investing in foreign markets. Funds concentrating in foreign stocks had a net inflow of $8.53 billion in August, compared with an inflow of $4.82 billion in July.
On the other hand, funds investing primarily in domestic stocks had a net outflow of $3.73 billion, smaller than the $4.08 billion outflow in July.
Overall, the nation’s funds tacked on another $206.8 billion in assets in August, a 2.2% hike to $9.584 trillion. ICI said long-term funds – stock, bond, and hybrid – had a net inflow of $11.6 billion during the month, vs. an inflow of $3.85 billion in July (See July Fund Assets Tick Upward ). Hybrid funds alone posted a $202-million August inflow, compared with an outflow of $99 million the month before.
class=”normal-1″> Meanwhile, in the fixed income arena, bond funds had an inflow of $6.67 billion in August, a significant hike from the July inflow of $3.21. Taxable bond offerings reported an inflow of $5.23 billion in August, vs. a $2.87-billion July influx. Municipal bond funds had an inflow of $1.44 billion in August, compared with an inflow of $344 million in July.
class=”normal-1″> In the cash and stable value area, ICI said money market funds had an inflow of $42.7 billion in August, compared with a $25.8-billion July increase.
class=”normal-1″> Funds offered primarily to institutions had an inflow of $35.3 billion during August. Funds offered primarily to individuals had an inflow of $7.41 billion.
The ICI data report is here .