Investing March 30, 2006

Funds Close out February with Tiny Asset Gain Increase

March 30, 2006 (PLANSPONSOR.com) - The total amount of mutual fund assets in the US inched up in February by 0.3% or $25.9 billion, according to new data from the Investment Company Institute (ICI).
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According to the monthly ICI asset report, funds had $9.21 trillion in new assets, compared to $9.19 trillion in January.

Stock funds boasted a $5.19 trillion influx in February, flat from the month before, while hybrid funds could only manage a slight uptick of 0.2% to $582 million. Overall, ICI said stock funds had a $27.33 inflow in February, compared to a $31.58 billion inflow the month before. World equity funds boasted an $18.98 billion inflow versus a $23.54 billion in January while US funds saw had an $8.35 billion asset advance, over an $8.04 billion increase in the prior month.

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Meanwhile, taxable bond funds ended the month with just over $1 trillion in assets after a similarly slim 0.6% increase over January and muni bond funds ended February at $346 million, up a comparatively generous 1.4%, ICI said.

The full February report is  here .

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