Cash flows into the nation's stock mutual funds soared in November, according to data released by the Investment Company Institute (ICI). U.S. stock funds took in $20.71 billion in net new cash for the month, following an inflow of $6.45 billion in October.
World equity funds (U.S. funds that invest primarily overseas) posted an inflow of $11.76 billion in November, versus an inflow of $9.38 billion in October. Funds that invest primarily in the U.S. had an inflow of $8.95 billion in November, compared with an outflow of $2.93 billion in October.
Year-to-date through the end of November, stock funds have received $125.49 billion in net new cash, well below the $167.59 billion figure recorded in the year-ago period.
Long-term funds — stock, bond, and hybrid funds — collectively had a net inflow a net inflow of $20.70 billion in November, compared with a net inflow of $7.59 billion in October.
Bond funds continue to attract little interest from investors. As a whole, fixed-income portfolios had an outflow of $522 million in November, compared with an inflow of $213 million in October. Taxable bond funds had an inflow of $200 million in November, compared with an outflow of $36 million in October. Municipal bond funds had an outflow of $722 million in November, compared with an inflow of $249 million in October.
Money market funds had an inflow of $30.26 billion in November, compared with an inflow of $21.16 billion in October. Funds offered primarily to institutions had an inflow of $33.00 billion. Funds offered primarily to individuals had an outflow of $2.74 billion.
Overall, the combined assets of the nation's mutual funds increased by $268.2 billion, or 3.2%, to $8.766 trillion in November
NET NEW CASH FLOW OF LONG-TERM FUNDS (BIL.$)
| November 2005 | October 2005* | YTD 2005 | YTD 2004* | |
| Stock Mutual Funds | 20.71 | 6.45 | 125.49 | 167.59 |
| Taxable Bond Mutual Funds | 0.20 | -0.01 | 26.99 | 1.20 |
| Municipal Bond Mutual Funds | -0.72 | 0.25 | 6.26 | -12.74 |
| Hybrid Mutual Funds | 0.52 | 0.93 | 26.19 | 40.74 |
*Revised
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