The combined assets managed by US mutual funds increased by $265.3 billion, or 2.6 percent, to $10.281 trillion in November, 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 $20.82 billion in November, vs. an inflow of $24.73 billion in October. Stock funds posted an inflow of $11.30 billion in November, compared with an inflow of $12.73 billion in October. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $11.47 billion in November, vs. an inflow of $11.92 billion in October. Funds that invest primarily in the US had an outflow of $169 million in November, vs. an inflow of $808 million in October. Hybrid funds posted an inflow of $2.20 billion in November, compared with an inflow of $1.60 billion in October. Bond funds had an inflow of $7.31 billion in November, compared with an inflow of $10.41 billion in October. Taxable bond funds had an inflow of $5.21 billion in November, vs. an inflow of $8.17 billion in October. Municipal bond funds had an inflow of $2.10 billion in November, compared with an inflow of $2.24 million in October. Money market funds had an inflow of $55.01 billion in November, compared with an inflow of $30.83 billion in October. Funds offered primarily to institutions had an inflow of $45.34 billion. Funds offered primarily to individuals had an inflow of $9.67 billion.