Investment in Mutual Funds Slows to Near Halt in June

The leveling off of mutual fund assets in June follows a $329.1 billion, or 3%, increase the month before (See   Mutual Fund Investors Conservative in May).

Investors were less aggressive in terms of money market funds in June than the month before, with these funds seeing an inflow of $34.62 billion, compared to an inflow of $57.62 billion in May. Funds offered primarily to institutions had an inflow of $27.51 billion. Funds offered primarily to individuals had an inflow of $7.11 billion.

However, stock funds saw greater inflows in June. These funds posted an inflow of $5.49 billion for the month, compared to an inflow of $1.30 billion in May. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $8.52 billion in June, compared to an inflow of $11.40 billion in May.

Funds that invest primarily in the US had an outflow of $3.03 billion in June, compared to an outflow of $10.1 billion in May.

Bond funds had an inflow of $7.52 billion in June, compared with an inflow of $21.31 billion in May. Taxable bond funds had an inflow of $7.02 billion in June, vs. an inflow of $17.74 billion in May. Municipal bond funds had an inflow of $508 million in June, compared with an inflow of $3.57 billion in May.

Hybrid funds posted an inflow of $1.16 billion in June, compared to an inflow of $2 billion in May.

For the complete ICI data on mutual fund assets go here .