Mutual Fund Flows Fall Off in March

April 27, 2007 (PLANSPONSOR.com) - U.S. mutual fund assets climbed 1.5%, or $155.2 billion, to reach $10.7 trillion in March, according to the Investment Company Institute's monthly survey of the industry.

Long-term funds – stock, bond, and hybrid funds – had a net inflow of $25.44 billion in March, a substantial drop from February’s inflow of $44.91 billion (See   A Growing Appetite for U.S. Equity Funds?).

Stock funds saw an inflow of $8.20 billion in March, compared to an inflow of $26.29 billion in February. Among stock funds, world equity funds posted an inflow of $6.59 billion in March compared to an inflow of $15.74 billion in February.

The stock funds that invest primarily in the U.S. experienced an inflow of $1.61 billion for the month.

Hybrid funds posted an inflow of $2.68 billion in March, compared to an inflow of $3.56 billion in February.

Bond funds had an inflow of $14.57 billion in March, compared to an inflow of $15.06 billion in February. Taxable bond funds had an inflow of $11.72 billion in March, vs. an inflow of $11.94 billion in February. Municipal bond funds had an inflow of $2.85 billion in March, compared to an inflow of $3.13 billion in February.

Money market funds had an inflow of $25.92 billion in March, compared to an inflow of $34.42 billion in February.

Funds offered primarily to institutions had an inflow of $12.16 billion.

For the full ICI report go here

«