The combined assets of US mutual funds decreased by $26.6 billion, or 0.2%, to $11.487 trillion in November, according to the Investment Company Institutes official survey of the mutual fund industry. In the survey, mutual fund companies report actual assets, sales, and redemptions to ICI.
Stock funds posted an inflow of $390 million in November, compared with an outflow of $24 million in October. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $6.85 billion in November, versus an inflow of $7.13 billion in October. Funds that invest primarily in the US had an outflow of $6.46 billion in November, versus an outflow of $7.15 billion in October.
Hybrid funds posted an inflow of $3.41 billion in November, compared with an inflow of $2.99 billion in October.
Bond funds had an outflow of $875 million in November, compared with an inflow of $24.00 billion in October. Taxable bond funds had an inflow of $6.82 billion in November, versus an inflow of $22.06 billion in October. Municipal bond funds had an outflow of $7.69 billion in November, compared with an inflow of $1.94 billion in October.
Money market funds had an inflow of $25.03 billion in November, compared with an outflow of $11.21 billion in October. Funds offered primarily to institutions had an inflow of $29.13 billion. Funds offered primarily to individuals had an outflow of $4.10 billion.