US stock and bond funds experienced net inflows of $39.4 billion in December, following a low net intake of $17.4 billion in November, according to data from the Financial Research Corporation (FRC).
International/Global funds continued to be the top draw with a net inflow of $26.5 billion for the month. Corporate funds drew in a net $8.2 billion in December, while Domestic Equity funds posted $5.6 billion in net inflows. Government funds were the only asset category that saw a negative net flow for the month, decreasing $1.9 billion. Jumping to the top of the best selling funds list was Barclays’ iShares Russell 2000 Index fund, which took in a net $2.3 billion in December.