The value of the combined assets of US mutual funds increased by $132.8 billion, or 1.3 percent, to $10.414 trillion in December, according to the Investment Company Institute’s official survey of the mutual fund industry.
Long-term funds – stock, bond, and hybrid funds – had a net inflow of $21.17 billion in December, versus an inflow of $19.63 billion in November.
Stock funds posted an inflow of $10.65 billion in December, compared with an inflow of $10.78 billion in November.
Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $13.12 billion in December, vs. an inflow of $11.02 billion in November.
Funds that invest primarily in the US had an outflow of $2.47 billion in December, vs. an outflow of $237 million in November.
Hybrid funds posted an inflow of $1.72 billion in December, compared with an inflow of $2.00 billion in November.
Bond funds had an inflow of $8.80 billion in December, compared with an inflow of $6.85 billion in November. Taxable bond funds had an inflow of $7.67 billion in December, vs. an inflow of $4.76 billion in November.
Municipal bond funds had an inflow of $1.13 billion in December, compared with an inflow of $2.09 billion in November.
Money market funds had an inflow of $41.53 billion in December, compared with an inflow of $54.83 billion in November.
Funds offered primarily to institutions had an inflow of $29.29 billion. Funds offered primarily to individuals had an inflow of $12.24 billion.