Investors reversed course as money market funds had an outflow of $75.76 billion in June, compared with an inflow of $47.30 billion in May (See Money Market Funds Big Winners in May ). Funds offered primarily to institutions had an outflow of $57.78 billion, while funds offered primarily to individuals had an outflow of $17.98 billion.
Stock funds posted an outflow of $4.80 billion in June, compared with an inflow of $15.92 billion in May. World equity funds (U.S. funds that invest primarily overseas) posted an outflow of $1.16 billion for the month, and funds that invest primarily in the U.S. had an outflow of $3.64 billion.
Investors put $4.58 billion into bond funds in June, compared with an inflow of $17.28 billion in May. Taxable bond funds gained $1.93 billion in assets. Municipal bond funds won $2.65 billion.
Hybrid funds posted an inflow of $699 million in June, compared with an inflow of $2.86 billion in May.
The ICI data is here .
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