From the October 2007 issue of Boomer Market Advisor • Subscribe!

October 1, 2007

...while mutual fund assets fall

Hopefully, it's not a long-term trend. The combined assets of the nation's mutual funds decreased by $83.1 billion, or 0.7 percent, to $11.3 trillion, according ICI. Long-term funds -- stock, bond and hybrid funds --? had a net inflow of $16.3 billion in July, vs. an inflow of $13.7 billion in June. Stock funds posted an inflow of $10.8 billion in July, compared with an inflow of $4.9 billion in June. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $14.9 billion in July, vs. an inflow of $8.2 billion in June. Funds that invest primarily in the US had an outflow of $4.1 billion in July, vs. an outflow of $3.3 billion in June.

Hybrid funds posted an inflow of $1.9 billion in July, compared with an inflow of $1.3 billion in June.

Bond funds had an inflow of $3.7 billion in July, compared with an inflow of $7.6 billion in June. Taxable bond funds had an inflow of $3.5 billion in July, vs. an inflow of $7.1 billion in June. Municipal bond funds had an inflow of $191 million in July, compared with an inflow of $522 million in June.

Money market funds had an inflow of $71.1 billion in July, compared with an inflow of $34.8 billion in June. Funds offered primarily to institutions had an inflow of $50.3 billion. Funds offered primarily to individuals had an inflow of $20.9 billion.

Reprints Discuss this story
This is where the comments go.