The combined assets of US mutual funds increased by $317.9 billion, or 5.1 percent, to $6.56 trillion in November, according to the Investment Company Institute’s official survey of the mutual fund industry.
Equity funds had an inflow of $6.46 billion in November, compared with an outflow of $7.50 billion in October. Through November, they have experienced a net outflow of $19.87 billion, or 0.7 percent of average assets. The last full year during which stock funds had net outflows was 1988 when 8.0 percent of assets flowed out. (See chart.) Domestic stock funds had an inflow of $6.20 billion in November, compared with an outflow of $7.38 billion in October. Stock funds that invest overseas had an inflow of $268 million in November, compared with an outflow of $128 million in October.
Bond funds had an inflow of $7.74 billion in November, compared with an inflow of $6.44 billion in October. Money market funds had an inflow of $127.56 billion in November, compared with an inflow of $12.47 billion in October. Funds offered primarily to institutions had an inflow of $134.82 billion in November. Funds offered primarily to individuals had an outflow of $7.27 billion.