Strategic Insight, an Asset International company, revealed net new investment in stock and bond funds was robust in November, with inflows totaling $52.7 billion.
Led by a 1.9% return in the U.S. equity category, average one-month returns of stock and bond funds were positive across broad asset classes. International equity strategies returned an average 0.9% in November, while bond funds were slightly higher, at 0.3%, by month’s end.
Net intake for equity products totaled $34 billion in November, led by a $23 billion inflow to U.S. equity. There was strong demand for exchange-traded products, which attracted a net $36 billion. Inflows to bond funds totaled $18.7 billion, led by demand for the corporate bond general (up $8.2 billion), corporate high quality ($3.8 billion), and corporate high yield (+3.5 billion) fund categories.
With fund net deposits totaling $20 billion, money market funds helped to lift monthly fund industry net intake to $73.4 billion. November recorded the highest monthly aggregate net inflows for the fund industry in 2014, Strategic Insight says.
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