Nov. 26, 2003 — Investors continued to put money into mutual funds last month, despite the scandal plaguing the industry. But two of the companies in the eye of the market timing storm — Janus Capital Group (JNS) and Putnam Investments — suffered redemptions.
Stock and bond funds took in an aggregate $23.1 billion in October, according to Financial Research Corp. Of that total, domestic equity funds netted $16 billion, and funds that invest in foreign stocks attracted $7.2 billion.
Funds that buy corporate bonds saw inflows of about $3 billion, but assets in those that invest in government bonds declined $2.2 billion, while municipal bond fund assets fell $702 million.