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

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

Rating:Markets, Not Investors, Drove Fund Assets Up In October Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 26, 2002

Markets, Not Investors, Drove Fund Assets Up In October

by: Sean Hanna, Editor in Chief

Fund investors continued to pull money from equity funds in October, even as the overall stock market recovered. All told, shareholders pulled $7.48 from equity funds in October. The outflow was roughly half of the $16.1 billion liquidated in September, reported the Investment Company Institute today.

Even with the outflows, though, total assets in all mutual funds rose by $174.1 billion to $6.23 trillion during the month. The gain was primarily driven by rising stock prices.

On the bright side, new sales of equity fund shares rose to $74.9 billion in October from a revised $53.9 billion in September. The higher sales were offset by an increase in redemptions to $77.5 billion from a revised $63.2 billion September.

So far in 2002 net cash flow to equity funds has been $13.97 billion, up from a net outflow of $26.53 billion at the same point in 2001.  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use