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Investing January 27, 2006
Mutual Fund Asset Growth Cools Down for December
January 27, 2006 (PLANSPONSOR.com) - The nation's
mutual funds grew by $22.9 billion in December 2005,
according to data from the Financial Research Corporation
(FRC).
Reported by Rebecca Moore
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