Long-term stock, bond and hybrid funds had a net inflow of $36.8 billion in February 2006 compared with a net inflow of $39.74 billion in January, according to the Investment Company Institute, Washington.
Total assets increased by $25.9 billion to $9.219 trillion in February, ICI reported.
Stock funds experienced an inflow of $27.33 billion in February compared with $31.58 billion in January. World equity funds, U.S. funds that invest primarily overseas, posted an inflow of $18.98 billion in February compared with an inflow of $23.54 billion in January. Funds that invest primarily in the U.S. had an inflow of $8.35 billion in February vs. an inflow of $8.04 billion in January.
Bond funds had an inflow of $8.71 billion and $8.28 billion in the same time periods, ICI reported. Taxable bond funds had an inflow of $5.85 billion in February vs. an inflow of $6.23 billion in January. Municipal bond funds had in inflow of $2.86 billion in February compared with $2.05 billion in January.
Hybrid funds posted an inflow of $761 million in February compared with an outflow of $114 million in January.