Mutual Fund Asset Growth Cools Down for December

January 27, 2006 ( - The nation's mutual funds grew by $22.9 billion in December 2005, according to data from the Financial Research Corporation (FRC).

Though a strong intake, this is a cool down from the $29.1 billion pulled in for November 2005 (See  November Fund Trading Like the Rockets Red Glare).

International/Global funds contributed the largest portion of December’s growth with a $17.5 billion intake, followed by domestic equity funds with a gain of $7.9 billion, according to the FRC data.

American Funds led all complexes with an inflow of $6.6 billion, well ahead of Vanguard Group’s $3.6 billion gain.   Barclays Global Investors came in a close third with a $3.5 billion inflow.

American Funds’ Growth Fund of America and Cap World Growth & Income portfolios topped the best selling funds list for December 2005 with gains of $1.9 billion and $1.5 billion, respectively.   State Street Global Advisors’ SPDR Trust was the third best selling fund for the month, with a $1.4 billion intake, followed by American Funds’ EuroPacific fund with $1.2 billion.

The FRC data is  here