Despite an asset drop of 2.5 percent in January, $39.9 billion flowed into mutual funds in January, according to a new report.
Cerulli Associates discloses this finding in the February 2014 edition of “The Cerulli Edge-U.S. Monthly Product Trends.” The report examines nontraditional fixed income strategies, including assets and flows for mutual funds and ETFs, trends impacting classes of mutual funds, and new product launches.
Domestic equity ETFs experienced net redemptions of $20.9 billion in January. But sector equity classes performed better, enjoying flows of $2.8 billion during the month.