Total estimated inflows to long-term mutual funds were $10.61 billion for the week ended Wednesday, January 6, the Investment Company Institute just reported.
Equity funds had estimated inflows of $2.04 billion for the week, while domestic equity funds had estimated outflows of $742 million. Estimated inflows to foreign equity funds were $2.79 billion.
Hybrid funds, which can invest in stocks and fixed income securities, had estimated inflows of $821 million for the week, and bond funds had estimated inflows of $7.75 billion. Taxable bond funds saw estimated inflows of $6.84 billion, while municipal bond funds had estimated inflows of $900 million.
Preliminary data for December 2009 is as follows: Overall, equity funds saw outflows of $3.5 billion, but foreign equity funds drew $1.3 billion. Hybrid funds (bond/equity and target-dates) grew $2.5 billion.
In total, bond funds saw $24 billion in assets in December, mainly in taxable funds ($20 billion) but also in municipals. Thus, the first estimate of total fund flows for the months is $23 billion, according to ICI.
The combined assets of the nation's mutual funds increased by $270.5 billion, or 2.5 percent, to $10.958 trillion in November, according to the Investment Company Institute's official survey of the mutual fund industry.
Total Net Assets of Mutual Funds
(billions of dollars)
| Nov. 09 | Oct. 09 | % chg | Dec. 08 | |
| Stock Funds | 4,825.0 | 4,595.9R | 5.0 | 3,704.5 |
| Hybrid Funds | 629.1 | 604.5R | 4.1 | 498.7 |
| Taxable Bond Funds | 1,736.0 | 1,682.4R | 3.2 | 1,228.0 |
| Municipal Bond Funds | 450.5 | 443.9R | 1.5 | 337.7 |
| Taxable Money Market Funds | 2,913.2 | 2,951.3R | -1.3 | 3,340.8 |
| Tax-Free Money Market Funds | 404.7 | 410.0 | -1.3 | 491.5 |
| Total | 10,958.4 | 10,687.9R | 2.5 | 9,601.2 |
R=Revised data
Highlights: Long-term funds — stock, bond, and hybrid funds — had a net inflow of $36.81 billion in November, vs. an inflow of $40.72 billion in October.
Stock funds posted an outflow of $2.78 billion in November, compared with an outflow of $7.09 billion in October. Among stock funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $5.99 billion in November, versus an inflow of $7.76 billion in October. Funds that invest primarily in the US had an outflow of $8.77 billion in November, vs. an outflow of $14.85 billion in October.
Hybrid funds posted an inflow of $3.35 billion in November, compared with an inflow of $2.92 billion in October.
Bond funds had an inflow of $36.24 billion in November, compared with an inflow of $44.89 billion in October. Taxable bond funds had an inflow of $31.26 billion in November, vs. an inflow of $40.13 billion in October. Municipal bond funds had an inflow of $4.98 billion in November, compared with an inflow of $4.76 billion in October.
Money market funds had an outflow of $46.73 billion in November, compared with an outflow of $71.75 billion in October. Funds offered primarily to institutions had an outflow of $32.73 billion. Funds offered primarily to individuals had an outflow of $13.99 billion. Additional details are available at www.ici.org.
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