The U.S. mutual fund industry is set to surpass $15 trillion in assets in February, new research shows.
Strategic Insight, New York, discloses this finding in a summary of results from a survey of open- and closed-end funds, including exchange-traded funds.
Net new flows of mutual funds, the report shows, totaled $90 billion in January, a significant reversal from December, which experienced outflows of $18 billion. Equities accounted for the largest shares of net flows, totaling $48 billion (versus a negative $30 billion in December), including $26 billion of flows into domestic equities and $22 billion into international equities.
Flows into taxable bonds reached $35 billion in January, up from $14 billion in December. And tax-free bonds enjoyed $7 billion in inflows, reversing $3 billion in outflows in December.