Investing June 29, 2005
Mutual Funds Add $204B in May
June 29, 2005 (PLANSPONSOR.com) - The nation's
mutual funds pulled in a total of $204.3 billion in May for
an asset total of $8.12 trillion up from $7.91 trillion in
April.
Reported by Fred Schneyer
A news release from the Investment Company Institute (ICI) said stock funds led the way over the month with a 3.8% increase from $4.24 trillion in April to $4.40 trillion in May
ICI data showed that tax-free money market funds bulled ahead by 3% in May to $315.5 billion while hybrid funds saw a 2.3% advance to $535.9 billion
Meanwhile, according to ICI, taxable bond funds were slightly ahead by 1.4% to $987.5 billion while muni bond funds were nearly flat for the month with a 0.8% gain to $334 billion.
The ICI report is here .
You Might Also Like:

Difference Between Annuities and Mutual Funds
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.

Fund Fees Continue to Decline
Fees fell for active as well as passive funds in 2020, but investors pay more for sustainable investments than traditional...

Products |
Investment Product and Service Launches
Vanguard adds active equity funds to Personal Advisor Services solution, and John Hancock introduces mortgage-backed securities ETF.