Cash flow into the nation's stock mutual funds rose in the month of July, according to data released today by the Investment Company Institute (ICI). Equity portfolios took in $10.08 billion in July, versus an inflow of $6.16 billion in June.
The ICI said among stock funds, world equity funds (funds that invest primarily overseas) posted an inflow of $4.68 billion in July, versus an inflow of $4.46 billion in June. Funds that invest primarily in the U.S. had an inflow of $5.40 billion in July, compared with an inflow of $1.70 billion in June.
Year-to-date through the end of July, stock funds have received about $83.58 billion in net new cash, well below the $127.51 billion figure recorded in the year-ago period.
Long-term funds -- stock, bond, and hybrid funds -- collectively had a net inflow of of $18.91 billion in July, compared with net inflow of $12.27 billion in June.
Bond funds had an inflow of $7.37 billion in July, compared with an inflow of $4.13 billion in June. Taxable bond funds had an inflow of $5.67 billion in July, compared with an inflow of $2.91 billion in June. Municipal bond funds had an inflow of $1.70 billion in July, compared with an inflow of $1.15 billion in June.
Money-market funds had an inflow of $22.74 billion in July, compared with an inflow of $3.04 billion in June. Funds offered primarily to institutions had an inflow of $13.14 billion. Funds offered primarily to individuals had an inflow of $9.60 billion.
Overall, the combined assets of the nation's mutual funds increased by $240.0 billion, or 2.9%, to about $8.46 trillion in July.
|
NET NEW CASH FLOW OF LONG-TERM FUNDS (BIL.$) |
July 2005 |
June 2005* |
YTD 2005 |
YTD 2004* |
| Stock Mutual Funds |
10.08 |
6.16 |
83.58 |
127.51 |
| Taxable Bond Mutual Funds |
5.67 |
2.91 |
17.77 |
-11.49 |
| Municipal Bond Mutual Funds |
1.70 |
1.15 |
4.23 |
-12.46 |
| Hybrid Mutual Funds |
1.46 |
2.05 |
21.74 |
27.53 |
