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Investing January 19, 2010
Fund Flows Globally Reach 2007 Level
January 19, 2010
(PLANSPONSOR.com) - Progress in November helped bring year-to-date net flows worldwide
to $825 billion - reaching full-year gains made in 2007, according to data from
Strategic Insight, an Asset International company.
Reported by PLANSPONSOR staff
During the month of November, investors deposited $100 billion net globally into equity/mixed, bond and other long-term mutual funds, SI said in an announcement. Fixed income products continued to dominate and accounted for two-thirds of the total year-to-date contributions, mostly driven by U.S. investors switching to higher-yielding investments (see Bond Funds See Record Inflows in 2009).
SI’s Global FlowWatch shows stock funds also attracted net new commitments of $225 billion through November 2009, according to the announcement.
Money market programs experienced net redemptions in all regions except for Asia during this period, totaling $590 billion of outflows worldwide.
A report of the data for each included country can be found at http://www.sionline.com.