The value of the combined assets of US mutual funds fell by $109.4 billion, or 1.3 percent, to $7.998 trillion in January, 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 $18.9 billion in January, compared with net inflow of $13.0 billion in December. Stock funds posted an inflow of $8.7 billion in January, compared with a $10.3 billion inflow in December. Among stock funds, world equity funds (US funds that invest primarily overseas) posted an inflow of $8.1 billion in January, versus an inflow of $7.8 billion in December. Funds that invest primarily in the US had an inflow of $656 million in January, compared with an inflow of $2.4 billion in December. Hybrid funds posted a $5.3 billion net inflow in January, compared with an inflow of $1.9 billion in December. Bond funds had an inflow of $4.8 billion in January, compared with an inflow of $800 million in December. Taxable bond funds had an inflow of $4.0 billion, and municipal bond funds had an inflow of $870 million in January.
Money market funds had an outflow of $28.3 billion in January, compared with an outflow of $8.1 billion in December. Funds offered primarily to institutions had an outflow of $34.4 billion. Funds offered primarily to individuals had an inflow of $6.1 billion.