Investing September 29, 2005

Mutual Fund Growth Slight in August

August 30, 2005 (PLANSPONSOR.com) - The combined assets of the nation's mutual funds grew by $71 billion, or .8%, to a total of $8.5 trillion in August according to the Investment Company Institute's (ICI's) Trend in Mutual Fund Investing July 2005.
Reported by

This growth is slight compared to July’s 2.9% increase (See  Mutual Funds Grow 2.9% in July ).

Taxable Money Market funds reported the highest change in the month of 2.5%.

Money market funds again reported the highest inflow for the month of $32.49 billion.   Funds offered primarily to institutions had an inflow of $23.67 billion while those offered primarily to individuals had an inflow of $6.12 billion, according to the ICI report.

Among stock funds, which posted an inflow of $6.31 billion in August compared to $10.08 billion in July, world equity funds posted an $ 8.22 billion inflow in August vs. an inflow of $4.63 billion in July, while domestic equity funds posted an outflow of $1.92 billion in August, compared with an inflow of $5.32 billion in July.

Bond funds had an inflow of $7.32 billion in August, compared to $7.37 billion in July.   Taxable bond funds accounted for most of the gain ($5.82 billion ), while municipal bond funds remained relatively unchanged ($1.49 billion).

Hybrid funds reported an inflow of $1.77 billion, according to ICI.

The complete ICI report is  here .

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