Mutual Fund Investment Dipped By $92.5 Billion In October, Report Finds

The combined assets of the nation's mutual funds decreased by $92.5 billion, or 1.1%, to $8.496 trillion in October, according to the DC based Investment Company Institute survey of the mutual fund industry in which mutual fund companies report actual

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The combined assets of the nation’s mutual funds decreased by $92.5 billion, or 1.1%, to $8.496 trillion in October, according to the DC-based Investment Company Institute survey of the mutual fund industry in which mutual fund companies report actual assets, sales and redemptions to the institute.

Long-term funds — stock, bond and hybrid funds — collectively had a net inflow of $8.13 billion in September. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $9.39 billion in October, compared to an inflow of $2.93 billion in October, compared with an outflow of $1.18 billion in September.

Hybrid funds posted a $928 million net inflow in October, compared with an inflow of $1.35 billion in September.

Bond funds had an inflow of $746 million in October, compared with an inflow of $3.81 billion in September. Taxable bond funds had an inflow of $2.8 billion in September. Municipal bond funds had an inflow of $243 million October, compared with an inflow of $1.01 billion in September.

Money market funds had in inflow of $21.51 billion in October, compared with an outflow of $13.38 billion in September. Funds offered primarily to institutions had an inflow of $9.17 billion. Funds offered primarily to individuals had an inflow of $12.34 billion.

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