International Funds Still the Story in Mutual Fund Flows
Stock funds posted an inflow of $10.65 billion in December, compared with an inflow of $10.78 billion in November (see Mutual Fund Growth in November Similar to October ). Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $13.12 billion in December, versus an inflow of $11.02 billion in November.
However, funds that invest primarily in the U.S. suffered an outflow of $2.47 billion in December, compared with an outflow of $237 million in November.
Combined Assets Grow
The combined assets of the nation’s mutual funds increased by $132.8 billion, or 1.3%, to $10.414 trillion in December, according to the Investment Company Institute (ICI).
Hybrid funds posted an inflow of $1.72 billion in December, close to November’s pace, and bond funds enjoyed an inflow of $8.80 billion in December, compared with an inflow of $6.85 billion the month before.
Bond funds had an inflow of $8.80 billion in December, compared with an inflow of $6.85 billion in November. Money market funds had an inflow of $41.53 billion in December, compared with an inflow of $54.83 billion in November. Funds offered primarily to institutions had an inflow of $29.29 billion. Funds offered primarily to individuals had an inflow of $12.24 billion.
You Might Also Like:
Product and Service Launches
Target-Date Assets Reach Record High $3.5 Trillion in 2023
Investment Product and Service Launches
« Regulators Seek Comment on Guidance for 'Non-Traditional' DB Benefits