Mutual Funds Report Asset Decrease in October
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 .