Portfolio > Mutual Funds

Global Funds Led In November

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Mutual funds took in $502 million more cash than they lost in November 2007 thanks to the strength of international and global funds.

Financial Research Corp., Boston, says net inflow at international and global funds totaled $6.4 billion that month, down from a net inflow of about $14 billion in November 2006.

Net outflow at domestic stock funds increased to $5.9 billion, from $528 million.

Government funds enjoyed a net inflow of $950 million, up from a net outflow of $3.9 billion, FRC estimates.