The combined assets of the US mutual fund industry increased by $240.0 billion, or 2.9 percent, to $8.457 trillion in July, according to the Investment Company Institute’s official survey. In the survey, mutual fund companies report actual assets, sales, and redemptions to the ICI.
Long-term funds – stock, bond, and hybrid funds – collectively had a net inflow of $18.91 billion in July, compared with net inflow of $12.27 billion in June. Stock funds posted an inflow of $10.08 billion in July, compared with an inflow of $6.16 billion in June. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $4.68 billion in July, vs. an inflow of $4.46 billion in June.
Funds that invest primarily in the US had an inflow of $5.40 billion in July, compared with an inflow of $1.70 billion in June. Hybrid funds posted a $1.46 billion net inflow in July, compared with an inflow of $2.05 billion in June. Bond funds had an inflow of $7.37 billion in July, compared with an inflow of $4.13 billion in June. Taxable bond funds had an inflow of $5.67 billion in July, compared with an inflow of $2.91 billion in June. Municipal bond funds had an inflow of $1.70 billion in July, compared with an inflow of $1.15 billion in June. Money market funds had an inflow of $22.74 billion in July, compared with an inflow of $3.04 billion in June. Funds offered primarily to institutions had an inflow of $13.14 billion. Funds offered primarily to individuals had an inflow of $9.60 billion.