The combined assets of US mutual funds increased by $286.6 billion, or 2.9 percent, to $10.013 trillion in October, 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 $24.37 billion in October, vs. an inflow of $11.83 billion in September.
Stock funds posted an inflow of $12.22 billion in October, compared with an inflow of $6.60 billion in September. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $11.82 billion in October, vs. an inflow of $9.52 billion in September. Funds that invest primarily in the US had an inflow of $406 million in October, vs. an outflow of $2.92 billion in September.
Hybrid funds posted an inflow of $1.58 billion in October, compared with an inflow of $627 million in September.
Bond funds had an inflow of $10.57 billion in October, compared with an inflow of $4.61 billion in September. Taxable bond funds had an inflow of $8.33 billion in October, vs. an inflow of $3.24 billion in September. Municipal bond funds had an inflow of $2.24 billion in October, compared with an inflow of $1.37 million in September.
Money market funds had an inflow of $32.51 billion in October, compared with an inflow of $15.39 billion in September. Funds offered primarily to institutions had an inflow of $21.44 billion. Funds offered primarily to individuals had an in flow of $11.07 billion.