That marked a strong rebound following the 1.1% decrease in assets for October (SeeMutual Funds Report Asset Decrease in October).
Stock funds posted an inflow of $20.71 billion in November, much stronger than the inflow of $6.45 billion in October, with much of that strength ($11.76 billion) once again coming from world equity funds (US funds that invest primarily overseas).
However, funds that invest primarily in the US had an inflow of $8.95 billion in November, compared with an outflow of $2.93 billion the month before.
class=”normal-1″> Money market funds saw an inflow of $30.26 billion in November, compared with an inflow of $21.16 billion in October, with much of November’s gains driven by an inflow of funds offered primarily to institutions.
class=”normal-1″> Bond funds had an outflow of $522 million in November, compared with an inflow of $213 million in October. Broken down by type, taxable bond funds’ assets increased $200 million in November, compared with a decrease of $36 million in October. Municipal bond funds swung the other way with an outflow of $722 million in November, compared with an inflow of $249 million in October.
class=”normal-1″> Hybrid funds posted a $516 million net inflow in November, roughly half the the $926 million inflow of the month before.
class=”normal-1″> The complete ICI report is here .
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