Net flows into sector mutual funds and exchange-traded funds declined by 5.2% in 2011, according to a new report.
Cerulli Associates, Boston, Mass., published this finding in the February 2012 issue of “The Cerulli Edge: U.S. Monthly Product Trends Edition.”
The report finds that sector mutual funds and ETFs attracted $25.3 billion in 2011. This is down 5.2% from 2010′s net inflow of $26.7 billion.
However, the report says that mutual fund assets in January recovered from the last two months of decline, growing 4.3%. In addition, flows into mutual funds turned positive during the month ($34.0 billion) after three consecutive months of net redemption.