Lipper reported that investors infused mutual funds with $63.9 billion during August. Money market funds took in $45.6 billion, while stock and mixed equity funds had inflows of $12.2 billion and bond funds drew in $6.1 billion.
Of US equity fund types, large-cap funds suffered the largest outflow ($6.4 billion) for the fifth consecutive month. Multi-cap funds drew in $2.8 billion.
Lipper Senior Research Analyst Tom Roseen said in the data report that, while investors were more cautiously optimistic in August, terrorist plots reported in the UK and high crude oil prices kept investors conservative. US equity fund investors continued their international focus, according to Roseen.
The Lipper FundFlows Insight Report can be found on www.lipperweb.com . A free registration is required.