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FRC: Fund Flows Improve

By Staff Writer

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Stock and bond mutual funds took in about $22 billion more in assets in January than they lost.

The net inflow was an improvement over a net cash outflow of $24 billion recorded in January 2008, according to Financial Research Corp., Boston.

Net inflow at corporate bond funds increased to $16 billion in January, up from $5.4 billion in January 2008, and net inflow increased to $3.8 billion, from $2.6 billion, at tax-free bond funds.

Net inflow increased to $3 billion, from $2.6 billion, at stock funds, while net inflow at government bond funds dropped to $314 million, from $6.5 billion.

International and global fixed-income funds reported $53 million in net outflow for January, and international-global stock funds reported $895 million in net outflow.

In January 2008, net inflow was $4 billion at international-global fixed-income funds, and net outflow at international-global stock funds was $6.5 billion.

The funds ended January with a total of about $5.3 trillion in assets, down from $8 trillion a year earlier.