The combined assets of the mutual funds in the United States increased by $219 billion, or 3.4 percent, to $6.704 trillion in May, according to the Investment Company Institute’s official survey of the mutual fund industry.
Stock funds had an inflow of $12.11 billion in May, compared with an inflow of $16.11 billion in April. Domestic equity funds had an inflow of $12.60 billion in May, compared with an inflow of $12.55 billion in April. Stock funds that invest overseas had an outflow of $490 million in May, compared with an inflow of $3.56 billion in April.
Bond funds had an inflow of $8.97 billion in May, compared with an inflow of $10.54 billion in April.
Hybrid funds had an inflow of $3.07 billion in May, compared with an inflow of $2.71 billion in April.
Money market funds had an outflow of $17.81 billion in May, compared with an outflow of $53.79 billion in April. Funds offered primarily to institutions had an outflow of $7.97 billion in May. Funds offered primarily to individuals had an outflow of $9.84 billion for the month.