Equity Mutual Funds Show November Inflow: ICI

December 26, 2002 (PLANSPONSOR.com) - Stock funds continued to gain assets in November with a $6.5 billion inflow, down slightly from October's inflow of $7.5 billion, according to data from the Investment Company Institute.

Domestic stock funds still have lost assets on a year-to-date basis though, some $19.1 billion.

Money market funds showed the largest inflow in November with $127 billion, compared to a $12.5.7 billion October outflow.   However, year-to-date these funds have showed a net outflow of $10.1 billion.

Taxable bond mutual funds also gained in November, recording a $7.9 billion inflow, slightly down from the $8.0 billion inflow in October.   Year-to-date this category has gained the most, now showing an inflow of $117.7 billion.

Conversely, Hybrid mutual funds, including balanced, flexible portfolio, income mixed and asset allocation funds, had an outflow in November of $1.2 billion, compared to a similar outflow in October of $1.0 billion.   For the year though, these funds continue to record an inflow, with a year-to-date inflow of $8.5 billion.

Also showing an outflow in November were Municipal bond mutual funds, losing $164 million, however, better than October’s $1.5 billion outflow.   However, these funds have recorded a year-to-date inflow of $15.8 billion.

Overall, combined assets of the nation’s mutual funds rose 5.1percent to $6.6 trillion in November from a revised $6.2trillion in October that was previously reported at $6.2 trillion, according to the data from ICI.