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July Fund Intake Reaches Almost $27 Billion

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Mutual funds had net inflows of $26.7 billion in July, up from $2.7 billion in inflows a year earlier, according to the Financial Research Corp., Boston.

International and global funds led for the month with $19.2 billion in net intake, up from $5.3 billion in July 2006. They were followed by domestic equity funds, with $3.1 billion in net inflows, compared to outflows of $4.7 billion a year earlier; and corporate funds, with an intake of $3.5 billion, vs. $2.4 billion a year earlier.