Mutual Fund Growth Inches Up in September

October 27, 2005 ( - The combined assets of the nation's mutual funds grew by $69.9 billion, or .8%, to a total of $8.59 trillion in September according to the Investment Company Institute's (ICI's) Trend in Mutual Fund Investing September 2005

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 .