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Investing September 4, 2013
Long-Term Funds Reverse Course in July
September 4, 2013 (PLANSPONSOR.com) - The combined assets of the nation’s mutual funds increased by $422.3 billion, or 3.1%, to $14.064 trillion in July, according to the Investment Company Institute (ICI).
Reported by PLANSPONSOR staff
Long-term funds—stock, bond, and hybrid funds—had a net inflow of $10.11 billion in July, versus an outflow of $58.82 billion in June.
Stock funds posted an inflow of $18.11 billion in July, compared with an inflow of $59 million in June. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $9.72 billion in July, versus an inflow of $6.65 billion in June. Funds that invest primarily in the United States had an inflow of $8.39 billion in July, versus an outflow of $6.59 billion in June.
Hybrid funds posted an inflow of $8.69 billion, compared with an inflow of $1.06 billion in June.
Bond funds had an outflow of $16.70 billion in July, compared with an outflow of $59.94 billion in June. Taxable bond funds had an outflow of $6.53 billion, while municipal bond funds had an outflow of $10.17 billion.
Money market funds had an inflow of $26.64 billion in July, compared with an outflow of $17.12 billion in June. Funds offered primarily to institutions had an inflow of $30.46 billion, and funds offered primarily to individuals had an outflow of $4.82 billion.
More information is available at http://www.ici.org/research/stats/trends/trends_07_13.