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March 09, 2009 at 08:00 PM
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.
