Investing August 31, 2007

Mutual Fund Assets Slide 0.7% in July

August 31, 2007 (PLANSPONSOR.com) - The combined assets of the nation's mutual funds dropped by $83.11 billion to $11.29 trillion in July, leaving about the same total assets as the month before, according to the Investment Company Institute.
Reported by

class=”normal-1″> The 0.7% decrease follows a slight increase of $1.6 billion in June (See Investment in Mutual Funds Slows to Near Halt in June).

class=”normal-1″> Stock funds posted an inflow of $10.75 billion in July, having a better showing that the $4.87 billion inflow recorded in June. World equity funds (U.S. funds that invest primarily overseas) led the way in stock funds, posting an inflow of $14.86 billion in July, while U.S. stock funds saw outflows of $4.11 billion.  

class=”normal-1″> Hybrid funds posted an inflow of $1.87 billion in July, compared with an inflow of $1.26 billion in June.

class=”normal-1″> Bond funds slipped in terms of inflows in July at $3.65 billion, compared with an inflow of $7.57 billion in June. Taxable bond funds had an inflow of $3.46 billion in July, compared to an inflow of $7.05 billion in June.

class=”normal-1″> Municipal bond funds had an inflow of $191 million in July, compared with an inflow of $522 million in June.

class=”normal-1″> Investors were more aggressive with money market funds in July. These funds had an inflow of $71.14 billion for the month, compared with an inflow of $34.77 billion in June. Funds offered primarily to institutions had an inflow of $50.24 billion, while funds offered primarily to individuals had an inflow of $20.9 billion.

class=”normal-1″> For complete ICI data on mutual funds go here .

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