Mutual Funds Report Asset Decrease in October

November 29, 2005 (PLANSPONSOR.com) - The combined assets of the nation's mutual funds decreased by $92.5 billion, or 1.1%, to $8.496 trillion in October, according to the Investment Company Institute's official survey of the mutual fund industry.

This retreat comes after assets remained relatively stable in August and September (See  Mutual Fund Growth Inches Up in September ).

class=”normal-1″> Stock funds posted an inflow of $6.45 billion in October, compared with an inflow of $7.92 billion in September.   World equity funds (US funds that invest primarily overseas) posted an inflow of $9.39 billion in October, while funds that invest primarily in the US had an outflow of $2.93 billion in October, compared with an outflow of $1.18 billion in September.

class=”normal-1″> Hybrid funds posted a $928 million net inflow in October, compared with an inflow of $1.35 billion in September, according to ICI data.

class=”normal-1″> Bond funds had an inflow of $746 million in October, significantly lower than the inflow of $3.81 billion in September.   Taxable bond funds’ inflow dropped to $503 million in October, compared with an inflow of $2.80 billion in September.   Municipal bond funds’ inflow dropped to $243 million in October, compared with an inflow of $1.01 billion in September.

class=”normal-1″> Money market funds actually saw a reversal in a positive direction for October with an inflow of $21.51 billion in October, compared with an outflow of $13.38 billion in September.   Funds offered primarily to institutions had an inflow of $9.17 billion, and funds offered primarily to individuals had an inflow of $12.34 billion.

class=”normal-1″> The complete ICI report is  here .  

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