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Investing September 21, 2006
Investors Stick to the Safety of Money Market Funds in August
September 21, 2006 (PLANSPONSOR.com) - While all
major fund groups experienced positive flows for the month of
August, money market fund flows accounted for more than 71%
of the inflows, according to data from Lipper.
Reported by Rebecca Moore
Lipper reported that investors infused mutual funds with $63.9 billion during August. Money market funds took in $45.6 billion, while stock and mixed equity funds had inflows of $12.2 billion and bond funds drew in $6.1 billion.
Of US equity fund types, large-cap funds suffered the largest outflow ($6.4 billion) for the fifth consecutive month. Multi-cap funds drew in $2.8 billion.
Lipper Senior Research Analyst Tom Roseen said in the data report that, while investors were more cautiously optimistic in August, terrorist plots reported in the UK and high crude oil prices kept investors conservative. US equity fund investors continued their international focus, according to Roseen.
The Lipper FundFlows Insight Report can be found on www.lipperweb.com . A free registration is required.