Investors Swarm To International Funds in November
Much of the difference came from international funds, which saw inflows of $1.87 billion compared with a $4.26 billion outflow in October. Domestic stock funds had an inflow of $13.08 billion in November, compared with an inflow of $5.19 billion the month before.
Bond funds suffered, pulling in just $6.55 billion in November, after a previous monthly inflow of $13.52 billion.
Money market funds had cash flow of $60.24 billion in November, compared with cash flow of $73.85 billion in October.
Overall, the combined assets of the nation?s mutual funds increased by 4.7% to $6.927 trillion in November, according to ICI. Assets of stock funds rose by 7.6% to $3.35 trillion.
Year-to-date, net new flows to stock funds are $29.3 billion, in contrast to flows of $298 billion for the same period last year, according to ICI. Bond funds have collected $89 billion in net flows this year, compared with an outflow of $48.4 during the same period in 2000.