Mutual fund and exchange-traded fund assets rebounded in June, growing by 2.6% and 4%, respectively, according to a new report.
Cerulli Associates, Boston, published this finding in its July 2012 edition of "The Cerulli Edge: U.S. Monthly Product Trends." The publication is one of a suite of periodicals from the company that explore issues and trends in asset management and distribution.
The report reveals that mutual fund assets totaled $8.6 trillion in June, up 2.6% from the $8.4 trillion recorded in May. ETF assets ended in June at $1.161 trillion, up 4% from the $1.116 trillion posted in May.
The survey reveals positive flows of both mutual funds and ETFs throughout the first of 2012. ETF flows reached $19.9 billion in June, up from $3 billion and $2.8 billion for, respectively, May and April.
Mutual fund flows in June totaled $11.4 billion. Though positive, the result was down from the flows posted in May ($14.4 billion), April ($18.8 billion), March ($31.6 billion) and February ($44 billion).
