The combined assets of US mutual funds increased by $71.0 billion, or 0.8 percent, to $8.518 trillion in August, according to the Investment Company Institute’s official survey of the mutual fund industry.
Long-term funds – stock, bond, and hybrid funds – collectively had a net inflow of $15.39 billion in August, compared with net inflow of $18.68 billion in July.
Stock funds posted an inflow of $6.31 billion in August, compared with an inflow of $9.95 billion in July. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $8.22 billion in August, vs. an inflow of $4.63 billion in July. Funds that invest primarily in the US had an outflow of $1.92 billion in August, compared with an inflow of $5.32 billion in July.
Hybrid funds posted a $1.77 billion net inflow in August, compared with an inflow of $1.45 billion in July. Bond funds had an inflow of $7.32 billion in August, compared with an inflow of $7.27 billion in July. Taxable bond funds had an inflow of $5.82 billion in August, compared with an inflow of $5.58 billion in July. Municipal bond funds had an inflow of $1.49 billion in August, compared with an inflow of $1.69 billion in July. Money market funds had an inflow of $32.49 billion in August, compared with an inflow of $13.48 billion in July. Funds offered primarily to institutions had an inflow of $26.37 billion. Funds offered primarily to individuals had an inflow of $6.12 billion.