US Mutual Funds Worth $9.3 Trillion In May, Says ICI

The combined assets of US mutual funds decreased by $170.8 billion, or 1.8%, to $9.3 trillion in May, according to the Investment Company Institute (ICI). Stock funds benefited from an inflow of $1.85 billion in May, but that was much

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The combined assets of US mutual funds decreased by $170.8 billion, or 1.8%, to $9.3 trillion in May, according to the Investment Company Institute (ICI). Stock funds benefited from an inflow of $1.85 billion in May, but that was much less than April’s $26.32 billion inflow. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $9.01 billion in May, versus $18.32 billion in April. However, funds that invest primarily in the US reversed course with an outflow of $7.16 billion in May, following an inflow of $8.0 billion in April.

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