Total estimated inflows to long-term mutual funds were $10.61 billion for the week ended Wednesday, January 6, the Investment Company Institute just reported.
Equity funds had estimated inflows of $2.04 billion for the week, while domestic equity funds had estimated outflows of $742 million. Estimated inflows to foreign equity funds were $2.79 billion.
Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $821 million for the week, and bond funds had estimated inflows of $7.75 billion. Taxable bond funds saw estimated inflows of $6.84 billion, while municipal bond funds had estimated inflows of $900 million.
Preliminary data for December 2009 is as follows: Overall, equity funds saw outflows of $3.5 billion, but foreign equity funds drew $1.3 billion. Hybrid funds (bond/equity and target-dates) grew $2.5 billion.
In total, bond funds saw $24 billion in assets in December, mainly in taxable funds ($20 billion) but also in municipals. Thus, the first estimate of total fund flows for the months is $23 billion, according to ICI.
The combined assets of the nation's mutual funds increased by $270.5 billion, or 2.5 percent, to $10.958 trillion in November, according to the Investment Company Institute's official survey of the mutual fund industry.
Total Net Assets of Mutual Funds
(billions of dollars)
|
Nov. 09 |
Oct. 09 |
% chg |
Dec. 08 | |
|
Stock Funds |
4,825.0 |
4,595.9R |
5.0 |
3,704.5 |
|
Hybrid Funds |
629.1 |
604.5R |
4.1 |
498.7 |
|
Taxable Bond Funds |
1,736.0 |
1,682.4R |
3.2 |
1,228.0 |
|
Municipal Bond Funds |
450.5 |
443.9R |
1.5 |
337.7 |
|
Taxable Money Market Funds |
2,913.2 |
2,951.3R |
-1.3 |
3,340.8 |
|
Tax-Free Money Market Funds |
404.7 |
410.0 |
-1.3 |
491.5 |
|
Total |
10,958.4 |
10,687.9R |
2.5 |
9,601.2 |
R=Revised data
Highlights: Long-term funds -- stock, bond, and hybrid funds -- had a net inflow of $36.81 billion in November, vs. an inflow of $40.72 billion in October.
Stock funds posted an outflow of $2.78 billion in November, compared with an outflow of $7.09 billion in October. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $5.99 billion in November, versus an inflow of $7.76 billion in October. Funds that invest primarily in the US had an outflow of $8.77 billion in November, vs. an outflow of $14.85 billion in October.
Hybrid funds posted an inflow of $3.35 billion in November, compared with an inflow of $2.92 billion in October.
Bond funds had an inflow of $36.24 billion in November, compared with an inflow of $44.89 billion in October. Taxable bond funds had an inflow of $31.26 billion in November, vs. an inflow of $40.13 billion in October. Municipal bond funds had an inflow of $4.98 billion in November, compared with an inflow of $4.76 billion in October.
Money market funds had an outflow of $46.73 billion in November, compared with an outflow of $71.75 billion in October. Funds offered primarily to institutions had an outflow of $32.73 billion. Funds offered primarily to individuals had an outflow of $13.99 billion. Additional details are available at www.ici.org.
