Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Mutual Fund Assets Drop 1.3 Percent in October Not Rated 4.0 Email Routing List Email & Route  Print Print
Wednesday, November 25, 2009

Mutual Fund Assets Drop 1.3 Percent in October

Reported by Adam Kommel

The nation's mutual fund assets fell 1.3 percent in October 2009, dropping $144.1 billion to settle at $10.688 trillion, the Investment Company Institute reported Tuesday.

Of the ICI's six categories of mutual funds, stock funds fared worst, losing 2.7 percent of assets. The S&P 500 fell 2.0 percent in the month. Taxable bond funds were the only type to see an increase in assets, rising 3.3 percent. Hybrid (i.e. asset allocation, like target date) funds assets fell 0.4 percent, and municipal bond fund assets fell 1.1 percent. Taxable money market fund assets fell 1.9 percent in October, while tax-free money market fund assets fell 1.8 percent.

Long-term funds combined for a net inflow of $40.88 billion in October, thanks to bond funds bringing in $45.02 billion in that period. Stock funds saw net outflows of $7.08 billion, and hybrid funds netted $2.94 billion.

Money market funds continued their slide in flows, suffering net outflows of $71.80 billion in October (an improvement over the $126.91 billion taken out in September). 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use