Posting more than $2 trillion less in January this year than the same month in 2008, total net assets for mutual funds continued their decline, according to the Investment Company Institute, with a 2 percent drop since December.
NOT FOR REPRINT
Mutual fund assets decline through January
By
Staff Writer
Commentary March 03, 2009 at 07:00 PM
Share & Print
According to ICI:
- Combined assets of the nation's mutual funds were $9.41 trillion in January 2009, versus $11.73 trillion in January 2008.
- Long-term funds – stock, bond, and hybrid funds – had a net inflow of $25.35 billion in January, vs. an outflow of $29.43 billion in December.
- Stock funds posted an inflow of $9.05 billion in January, compared with an outflow of $20.43 billion in December. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $2.19 billion in January, vs. an outflow of $10.19 billion in December. Funds that invest primarily in the US had an inflow of $6.85 billion in January, vs. an outflow of $10.24 billion in December.
- Hybrid funds posted an outflow of $419 million in January, compared with an outflow of $1.99 billion in December.
- Bond funds had an inflow of $16.73 billion in January, compared with an outflow of $7.01 billion in December. Taxable bond funds had an inflow of $12.87 billion in January, vs. an outflow of $2.70 billion in December. Municipal bond funds had an inflow of $3.86 billion in January, compared with an outflow of $4.31 billion in December.
- Money market funds had an inflow of $59.52 billion in January, compared with an inflow of $109.35 billion in December. Funds offered primarily to institutions had an inflow of $67.62 billion. Funds offered primarily to individuals had an outflow of $8.10 billion.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
