This growth differs little from August’s increase of .8% to a total of $8.5 trillion (See Mutual Fund Growth Slight in August ).
The highest change in the month of 2.5% occurred in Stock Funds.
Money market funds, which reported the highest inflow for the month of August, had an outflow of $11.41 billion in September. Funds offered primarily to institutions had an outflow of $11.79 billion, while those offered primarily to individuals had an inflow of $334 million, according to the ICI report.
Stock funds had the highest inflow for the month of $7.96 billion. World equity funds posted a $9.09 billion inflow in September while domestic equity funds posted an outflow of $1.12 billion.
Bond funds had an inflow of $3.73 in September, compared to $7.32 billion in August. Taxable bond funds accounted for most of the gain change ($2.72 billion ), while municipal bond funds remained relatively unchanged ($1.01 billion).
Hybrid funds reported an inflow of $1.29 billion, according to ICI.
The complete ICI report is here .