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 .